Franklin & Nashville Intellectual Property Asset Lawyers
Marriage intertwines the finances, assets, and investments of the couple. Among these, intellectual property (IP) assets can hold substantial value, often making them a critical part of divorce settlements. Whether it’s a profitable business trademark, a catalog of creative works, or patents generating royalty streams, the division of these assets calls for careful consideration.
Garrett Talley & Thorington has proudly served Franklin and the Greater Nashville Area since 1973. Our lawyers have the insight needed to guide clients through the legal intricacies of divorce cases involving IP assets. We understand the personal and financial stakes involved and are committed to protecting your interests during this challenging time.
Call (629) 245-2933 or contact us online today to schedule a consultation.
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IP Assets in Divorce Settlements
Intellectual property assets present their own set of challenges in divorce cases. Every case is different, but two issues that often arise are catalog rights and tracing the revenue streams associated with these valuable assets.
Spousal Rights in Catalogs
Catalog rights refer to ownership in collections of intellectual property, such as music rights, literary works, or film catalogs. These collections are unique because they can generate ongoing revenue for years or even decades, making their valuation and division in a divorce particularly challenging.
When addressing catalogs in a divorce settlement, it’s essential to determine whether the catalog constitutes marital or separate property. If the catalog was created or acquired during the marriage, it is likely considered marital property, meaning both spouses have a claim. However, if the catalog predates the marriage, it may be classified as separate property, though any income or appreciation in value during the marriage could still come into play.
The proper valuation of a catalog is a key step in protecting spousal rights. This process often includes working with financial experts to assess its current worth.
Tracing Revenue Streams
Tracing revenue from intellectual property assets is another important issue in divorce proceedings. Revenue streams from IP often include royalties, licensing fees, and other earnings tied to the asset. These streams may continue well after the marriage has ended, making it crucial to establish ownership and rights for both the short and long term.
Our attorneys excel at unraveling these financial complexities. We can work with forensic accountants to get a thorough examination of all revenue streams. This detailed analysis enables us to build a case that protects your financial interests.
Whether you are a business owner, artist, or entrepreneur, we understand how important it is to safeguard the revenue generated by your IP. Our goal is to provide clear solutions that reflect the unique circumstances of your case, preserving what matters most to you.
Customized Solutions for Your Intellectual Property Case
Our experienced lawyers know that no two cases are the same. That’s why we prioritize personalized legal strategies for every client we serve. We focus on providing compassionate, effective guidance to help you resolve even the most complex divorce issues, including those involving IP assets.
Call our Franklin office today at (629) 245-2933.
Our Core Values
Guiding Every Case with Integrity and Purpose
At Garrett Talley & Thorington, our values aren’t just words—they’re the foundation of how we serve our clients. From honest communication to strategic advocacy, these principles shape every decision we make and every relationship we build.
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Dedicated to Protecting Your FutureWhether you're facing divorce, custody, or another family law matter, we’re here to secure the best outcome for you and your family.
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Personalized Advocacy for Every ClientNo two families are the same. We take the time to understand your story and craft a legal approach that protects what matters most to you.
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Clear Communication. Strategic Guidance.We keep you informed every step of the way, offering honest advice and a well-defined legal strategy built around your goals.
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Proven Legal Experience You Can TrustWith decades of combined experience, our attorneys deliver reliable, results-driven representation in even the most complex cases.
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Compassionate Counsel When It Matters MostWe understand the emotional weight of family law matters and provide empathetic guidance tailored to your unique circumstances.