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The text clarifies the difference between granting ownership of a copyright and granting a license. Granting ownership means transferring full rights to a creative work, which can occur through work for hire or assignment. However, the term "work for hire" is often misused, as it applies only in specific scenarios. In contrast, a copyright license provides permission to use the work without transferring ownership. Copyright consists of various rights, including copying, distributing, selling, and displaying the work, and each of these rights can be licensed individually. This distinction is crucial to avoid confusion between ownership and licensing in copyright law.