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In this video tutorial, Stuart Walsh of the Inventors Learning Center discusses patent ownership and the process of assignments. Initially, an invention belongs to the inventor, but once it is patented or in application, ownership can be transferred. Patents are considered intellectual property and can frequently change hands. Common scenarios for ownership transfer include when an employee invents something during their job—typically, if the employer funds the patent, the employee must assign ownership to the employer while still being recognized as the inventor. Additionally, companies may transfer ownership of patents or patent portfolios as part of normal business operations. For more information, viewers are encouraged to subscribe and visit the website.