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In the segment on copyright transfers, Sky Morton explains that copyright can be divided into infinite pieces like baloney when transferring rights. Transferring exclusive rights means carving a piece of copyright and handing it to someone, making them the owner of an interest in the copyright. This is different from a non-exclusive grant of rights, which is a license. Exclusive grants must be in writing and signed by the original owner. Owning copyright means retaining all rights not given away.