A Copyright Ownership Agreement is a legal document that defines the rights and responsibilities of each party involved in the creation and use of copyrighted material. The agreement outlines what is and is not allowed in terms of the ownership, reproduction, distribution and exploitation of the copyrighted material. The agreement also outlines any royalties or other compensation the owner may receive if their material is used by another party. As copyright law can be complex, it’s important to create a clear and comprehensive Copyright Ownership Agreement to ensure everyone involved understands their rights and obligations.