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Every business owner needs a copyright transfer agreement to ensure ownership of their logo. Even if a logo is created by someone else and paid for, the creator retains ownership unless the copyright is formally transferred. For instance, SweetWater Brewing in Atlanta, which sold for $300 million, originally had a family friend design their logo for $500. Because the copyright was not transferred, the family friend, upon learning of the sale, filed a lawsuit for copyright infringement, claiming $31 million. This case highlights the importance of securing copyright ownership to avoid potential legal disputes and financial loss.
