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Attorney Eels from Potts Weinstein discusses the formal process for transferring trademark ownership. This situation arises when a business is sold or when a sole proprietorship or partnership transitions to an LLC or corporation. To complete the transfer, one must file an assignment through the United States Patent and Trademark Office (USPTO). He advises visiting the USPTO website, navigating to the trademarks section, and accessing the online application forms to find the necessary documents for the assignment. This ensures proper legal recognition of the new trademark owner.