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Attorney Eels from Potts Weinstein explains the formal process for transferring ownership of a trademark. This situation often arises when a business is sold or when transitioning from a sole proprietorship or partnership to a legal entity like an LLC or corporation. To transfer trademark ownership, you must file an assignment with the United States Patent and Trademark Office (USPTO). Eels guides viewers to visit the USPTO website, navigate to the "apply online" section under trademarks, where they can access the necessary forms, even though they are not applying for a new trademark.