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In this tutorial, JD Hoop, Managing Partner at Bold IP law firm, discusses patent assignments and the transfer of ownership of intellectual property (IP) assets. The tutorial outlines the implications for inventors, assignees, and assignors involved in these transactions. Hoop introduces a relevant example linked to the recent 4th of July holiday. He emphasizes the law firm's expertise in patents, trademarks, copyrights, and trade secrets, advocating for a business-minded approach to intellectual property. The firm guides inventors and creators on leveraging their IP to maximize market potential and profits from their innovations.