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A copyright assignment agreement is crucial under U.S. federal law, as it establishes ownership of creative works. Without this agreement, entrepreneurs may not own the art they create or purchase. For instance, if a business buys a logo from a graphic designer without obtaining a copyright assignment, they might mistakenly believe they own the rights. Later, upon conducting a trademark search and registering the trademark, issues can arise if the original designer claims ownership, potentially leading to costly disputes. Therefore, it's essential to secure copyright assignments to protect intellectual property rights and avoid legal complications in the future.