Division of Intellectual Property in Brooklyn
Work with a Divorce Lawyer You Can Trust
Sometimes a divorce will call for the division of intellectual property
in addition to physical property. Generally, intellectual property refers
to the rights of an idea, with ownership coming in the forms of patents,
trademarks, or copyrights. It is important to understand that if the idea
generated during a marriage, then it is considered to be marital property
in New York. If you are undergoing a divorce in New York, make sure you
contact a trusted
Brooklyn divorce lawyer who can guide you through this complicated process and protect you.
Call our law firm today to receive a
Steps in Dividing Intellectual Property
When you are going through a difficult divorce, the division of property
can be a major cause of stress. Often times you will need legal representation
in order to rightly determine how to go about the process. However, when
divorces involve the division of intellectual property, it is even more
imperative that you have seasoned counsel on your side.
Here are some necessary steps to follow when going through property division:
Identify the nature of the intellectual property: You need to be aware of anything that is copyrighted or patented. This
is particularly important for any type of creations that might generate
future income, such as a song or painting. Determining the worth of intellectual
property can be speculative, which is why a professional may need to be
Figure how you want to divide the property: The courts will often try to divide the property down the middle. However,
an equal split can may not be fair to the creator of the intellectual property.
Determine how the properties are managed: If the couple decides that they are going to split the copyright, they
then need to figure out how the other spouse will manage any copyright
formalities. There needs to be a plan in place with the ex-spouse to handle
copyright infringements or any royalties owed to the other spouse.
Obey copyright laws: It is imperative that your understanding be in writing and complies with
copyright rules and formalities. If not, you could face more challenges
down the road.
Don’t go through intellectual property division alone. The legal
team at our firm, Coffinas & Lusthaus, P.C. offers compassionate and
professional service. Our
Brooklyn family law lawyers can do everything in our power to ensure that your rights are protected.
If you are worried about intellectual property division, turn to our firm.
Struggling through division of intellectual property?
Call our Brooklyn divorce lawyers today!