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Every business owner should have a copyright transfer agreement to ensure they own their logo. This is important regardless of whether the logo was created by someone else or not. For instance, Sweetwater Brewing, a Georgia beer company, sold for $300 million, but their logo was drawn by a family friend for $500 24 years prior. Since the friend never transferred copyright ownership, they technically retained rights to the logo. Upon learning of the sale, the friend filed a lawsuit for copyright infringement, claiming they were entitled to $31 million for their work. This underscores the necessity of securing copyright ownership through a formal agreement.
