Who owns the copyright to the artwork that is developed?

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We assume that our prospective clients own all of the imagery that they would be asking us to modify going into a project, and copyright/ownership issues would not change hands as a result of our efforts to modify and/or maintain the artwork. If a prospective client did not own the images they were asking us to modify and/or maintain prior to asking us to complete our work, then we should not have been asked to complete the project from the very beginning, and we assume no liability as a result of a client misleading us on the issue of copyright ownership as a result of this process.