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In this tutorial, the speaker addresses the common misconceptions surrounding intellectual property (IP) ownership and licensing in agreements. They clarify that ownership transfer, often labeled as "work for hire," requires specific language that assigns IP rights to another party, meaning the original creator relinquishes all rights and control. In contrast, licensing allows the original creator to retain ownership while granting specific usage rights to the other party. This distinction between assigning ownership and providing a license is crucial in drafting agreements that involve intellectual property.
