{"id":23125,"date":"2020-06-19T03:00:36","date_gmt":"2020-06-19T10:00:36","guid":{"rendered":"http:\/\/writersfunzone.com\/blog\/?p=23125"},"modified":"2020-06-16T08:57:31","modified_gmt":"2020-06-16T15:57:31","slug":"5-things-you-should-know-and-do-when-you-inherit-a-copyright-by-kelley-way","status":"publish","type":"post","link":"https:\/\/writersfunzone.com\/blog\/2020\/06\/19\/5-things-you-should-know-and-do-when-you-inherit-a-copyright-by-kelley-way\/","title":{"rendered":"5 Things You Should Know and Do When You Inherit a Copyright by Kelley Way"},"content":{"rendered":"<p><a href=\"https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2020\/06\/5-Things-You-Should-Know-and-Do-When-You-Inherit-a-Copyright-by-Kelley-Way.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-23126\" src=\"https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2020\/06\/5-Things-You-Should-Know-and-Do-When-You-Inherit-a-Copyright-by-Kelley-Way.png\" alt=\"5 Things You Should Know and Do When You Inherit a Copyright by Kelley Way\" width=\"300\" height=\"300\" srcset=\"https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2020\/06\/5-Things-You-Should-Know-and-Do-When-You-Inherit-a-Copyright-by-Kelley-Way.png 300w, https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2020\/06\/5-Things-You-Should-Know-and-Do-When-You-Inherit-a-Copyright-by-Kelley-Way-80x80.png 80w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Let\u2019s welcome back monthly columnist <a href=\"https:\/\/writersfunzone.com\/blog\/?s=Kelley+Way\" target=\"_blank\" rel=\"noopener noreferrer\">Kelley Way<\/a> as she shares with us \u201c5 Things You Should Know and Do When You Inherit a Copyright.\u201d Enjoy!<\/p>\n<p>***<\/p>\n<p><strong>You\u2019ve inherited a copyright. Now what?<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Under the current copyright laws, a copyright lasts for the author\u2019s lifetime plus seventy years. This means that a copyright will always outlive its creator, and it will be passed on at least once. But what is a person supposed to do with a copyright once they have inherited it?<\/span><\/p>\n<h2><\/h2>\n<h2><span style=\"font-weight: 400;\">5 Things You Should Know and Do When You Inherit A Copyright<\/span><\/h2>\n<p><b>Here are five things you should know and do when you inherit a copyright:<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The first thing the new owner (i.e., you) should do is find out if this copyright is still making money, or has the potential to make money. (If there is no income occurring, and\/or no desire for income, then minimal action needs to be taken at all.) If the copyright is (or could be) bringing in a profit, though, there are some steps you can take to protect and maximize that (potential) income.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Second, you should update the copyright registration with the <\/span><a href=\"https:\/\/www.copyright.gov\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Copyright Office<\/span><\/a><span style=\"font-weight: 400;\">\u00a0(<\/span><span style=\"font-weight: 400;\">or register the work, if that hasn\u2019t happened yet). Registration creates a record that puts the world on notice that you want to protect this work, and there are several advantages if you end up having to go to court. Additionally, updating the registration with your contact information allows people who want to license the work to contact you. You don\u2019t want to miss out on a lucrative movie deal because they couldn\u2019t track you down for permission, right?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Third, you\u2019ll want to make sure there aren\u2019t any existing contracts or deals that would interfere with your plan to make a profit on this work. By a little detective work and researching the previous owner\u2019s files (if they have any), you can find out if there\u2019s a long-forgotten license out there that\u2019s likely to cause trouble.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Fourth, you will need to do some marketing if you want to make a profit on this copyright. Very few people will buy something made by a person they\u2019ve never heard of unless it is recommended by someone they trust or respect. If the previous owner was doing any marketing, you\u2019d want to keep that going; maintaining a system is much easier than creating one. If they were not marketing or not marketing enough (in your humble opinion), you\u2019d need to figure out the best method to increase sales, or you\u2019ll need to hire someone to do that for you. If the copyright is making a significant profit, you may want to consider creating a business entity. This would give you some tax benefits, but it would also come with its own expenses and hassles, so you would definitely want to weigh the pros and cons before going forward on this.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lastly, whenever there\u2019s a chance to make a profit, there\u2019s someone else that wants to take that profit for themselves. Infringers are the bane of a copyright owner\u2019s existence, and you\u2019ll want to keep your eyes out so you can stop an infringer before he (or she) really gets started.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\"><strong>If you would like more information on what to do with an inherited copyright,<\/strong> you are welcome to email me at\u00a0<\/span><a href=\"mailto:kaway@kawaylaw.com\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">kaway@kawaylaw.com<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">***<\/span><\/p>\n<h2>ABOUT THE AUTHOR<\/h2>\n<p><a class=\"\" href=\"https:\/\/writersfunzone.com\/blog\/2019\/06\/07\/what-do-i-need-to-know-about-the-california-consumer-privacy-act-ccpa-by-kelley-way\/kawaylaw.com\" target=\"_blank\" rel=\"kawaylaw.com noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-19891 tc-smart-load-skip tc-smart-loaded\" title=\"Kelley Way\" src=\"https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2018\/08\/way18CRWEB-240x300.jpg\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" srcset=\"https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2018\/08\/way18CRWEB-240x300.jpg 240w, https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2018\/08\/way18CRWEB-640x800.jpg 640w, https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2018\/08\/way18CRWEB.jpg 700w\" alt=\"Kelley Way\" width=\"150\" height=\"188\" \/><\/a><\/p>\n<p>Kelley Way was born and raised in Walnut Creek, California. She graduated from UC Davis with a B.A. in English, followed by a Juris Doctorate. Kelley is a member of the California Bar, and an aspiring writer of young adult fantasy novels. More information at <a href=\"http:\/\/kawaylaw.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">kawaylaw.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A copyright will always outlive its creator. So what is a person supposed to do with a copyright once they inherit it? Discover the 5 things you should know and do when you inherit a copyright by literary lawyer, Kelly Way.<\/p>\n","protected":false},"author":12,"featured_media":23126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[20],"tags":[4399,1438,988],"class_list":["post-23125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-writing-tips","tag-inherit-a-copyright","tag-kelly-way","tag-literary-law"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>5 Things You Should Know and Do When You Inherit a Copyright by Kelley Way &#183; Writer&#039;s Fun Zone<\/title>\n<meta name=\"description\" content=\"A copyright will always outlive its creator. So what is a person supposed to do with a copyright once they inherit it? Discover the 5 things you should know and do when you inherit a copyright by literary lawyer, Kelly Way.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/writersfunzone.com\/blog\/2020\/06\/19\/5-things-you-should-know-and-do-when-you-inherit-a-copyright-by-kelley-way\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Things You Should Know and Do When You Inherit a Copyright by Kelley Way &#183; Writer&#039;s Fun Zone\" \/>\n<meta property=\"og:description\" content=\"A copyright will always outlive its creator. So what is a person supposed to do with a copyright once they inherit it? 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