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Topic: Intellectual Property Ownership and Licensing in Agreements Key Points: - Intellectual property ownership is often confused in agreements. - There are two ways IP can change hands: ownership and licensing. - Assigning ownership means giving up all rights and control over the IP. - Work for hire is a common term for assigning ownership. - A license allows the creator to retain ownership but grants permission to use the IP to another party. - It is important to clearly define ownership and licensing terms in agreements.
