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Every business owner needs a copyright transfer agreement to secure ownership of their logo. Even if you pay someone to create a logo, without this agreement, you may not own it. An example is SweetWater Brewing in Atlanta, which sold for $300 million, having originally paid a family friend $500 to design its logo. Due to the lack of a copyright transfer, the family friend retained ownership of the logo. When the brewing company’s sale price was publicly revealed, the friend filed a lawsuit for copyright infringement, claiming $31 million in damages for the logo they created. This case highlights the importance of formal copyright agreements for business assets.