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This tutorial addresses the often-confused topic of intellectual property (IP) ownership in agreements. It emphasizes two main concepts: ownership and licensing. Ownership, commonly referred to as "work for hire," involves assigning all rights and control of the created intellectual property to another party, meaning the original creator relinquishes their rights entirely. In contrast, licensing allows the creator to retain ownership while granting specific rights to another party. To effectively assign ownership in an agreement, clear language must be included, ensuring that the transfer is understood and documented. The distinction between these two methods is crucial in IP agreements.
