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Every business owner needs a copyright transfer agreement to ensure ownership of their logo. Without this agreement, the creator retains rights to the logo, even if they were paid for it. A case in point is SweetWater Brewing, which sold for $300 million. Twenty-four years prior, they had a family friend create their logo for $500, but because there was no copyright transfer, the friend technically owned the logo. After the sale's success, the friend filed a lawsuit for copyright infringement, claiming entitlement to $31 million for the logo creation. This situation highlights the importance of transferring copyright ownership to avoid legal complications and retain exclusive rights to branding.
