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MARK TRADEMAN, TMIN NEWS ANCHOR, addresses the importance of updating the USPTO on ownership changes related to federal trademark applications or registrations. Key types of changes include: 1) a change in the owner's name, 2) a change in the entity type, and 3) an ownership transfer, such as a sale of the business. He emphasizes that keeping ownership information current is crucial and offers guidance on how to record these changes with the USPTO, underscoring that any modification affecting the legal entity owning the trademark must be reported.