We prove for any pure three-quantum-bit state the existence of local bases which allow one to build a set of five orthogonal product states in terms of which the state can be written in a unique form. This leads to a canonical form which generalizes the two-quantum-bit Schmidt decomposition. It is uniquely characterized by the five entanglement parameters. It leads to a complete classification of the three-quantum-bit states. It shows that the right outcome of an adequate local measurement always erases all entanglement between the other two parties.

In this paper we analyze the canonical forms into which any pure three-qubit state can be cast. The minimal forms, i.e. the ones with the minimal number of product states built from local bases, are also presented and lead to a complete classification of pure three-qubit states. This classification is related to the values of the polynomial invariants under local unitary transformations by a one-to-one correspondence.