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The tutorial addresses the often-confused topic of intellectual property (IP) ownership and licensing in agreements. It clarifies that ownership, often referred to as "work for hire," involves assigning all rights and control of the intellectual property created to another party. This means that once ownership is transferred, the original creator relinquishes all rights. In contrast, a license allows the creator to grant permission for the other party to use the IP while retaining ownership rights. The distinction between ownership and licensing is crucial in drafting clear agreements regarding intellectual property rights.