{"id":28344,"date":"2024-05-17T03:00:36","date_gmt":"2024-05-17T10:00:36","guid":{"rendered":"https:\/\/writersfunzone.com\/blog\/?p=28344"},"modified":"2024-05-14T05:03:53","modified_gmt":"2024-05-14T12:03:53","slug":"whats-this-copyright-worth-anyway-by-kelley-way","status":"publish","type":"post","link":"https:\/\/writersfunzone.com\/blog\/2024\/05\/17\/whats-this-copyright-worth-anyway-by-kelley-way\/","title":{"rendered":"What\u2019s This Copyright Worth Anyway? by Kelley Way"},"content":{"rendered":"<p><a href=\"https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2024\/05\/Whats-This-Copyright-Worth-Anyway-by-Kelley-Way.png\" target=\"_blank\" rel=\"Anyway? Copyright Kelley This Way What\u2019s Worth by noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-28345 size-full\" src=\"https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2024\/05\/Whats-This-Copyright-Worth-Anyway-by-Kelley-Way.png\" alt=\"What\u2019s This Copyright Worth Anyway? by Kelley Way\" width=\"300\" height=\"300\" srcset=\"https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2024\/05\/Whats-This-Copyright-Worth-Anyway-by-Kelley-Way.png 300w, https:\/\/writersfunzone.com\/blog\/wp-content\/uploads\/2024\/05\/Whats-This-Copyright-Worth-Anyway-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 \u201cWhat\u2019s This Copyright Worth Anyway?\u201d Enjoy!<\/p>\n<p><span style=\"font-weight: 400;\">***<\/span><\/p>\n<p><strong>You have been named the executor of an estate.<\/strong> While you are going through this estate, you discover that the person published several books, which are still in print and still making money.<\/p>\n<p>This creates a problem for you, since you have to give an accounting to the kids, which means you have to give everything a dollar value, including the copyrights to these books.<\/p>\n<p>So how do you determine the value to these copyrights?<\/p>\n<h2>Valuing Copyrights in an Estate<\/h2>\n<p>There are a few different methods for valuing copyrights, but here are the most common:<\/p>\n<h3><b>1. The Cost Method.<\/b><\/h3>\n<p>With this method, you determine the cost of reproducing or replacing the asset. Whatever that number is, is the value of the asset.<\/p>\n<p><strong>This method works best when the asset hasn\u2019t been put on the market yet<\/strong>, or could be re-created quickly. It works well for accounting purposes, but since it doesn\u2019t account for future royalties, it\u2019s not ideal for copyrights.<\/p>\n<h3><b>2. The Market Method.<\/b><\/h3>\n<p>With this method, you look at comparable assets recently sold or valued, and use that to determine the value of your asset.<\/p>\n<p><strong>This is the typical method for real estate transactions<\/strong> &#8212; the value of a house is often determined by looking at what similar homes in the area have recently sold for.<\/p>\n<p>When the data is available, this is often considered the best method.<\/p>\n<p>However, finding that data can be very difficult, since it\u2019s hard to find another copyright that\u2019s truly comparable to yours &#8212; after all, the whole point is to be creative and unique.<\/p>\n<h3><b>3. The Income Method.<\/b><\/h3>\n<p>This is the most widely used method for valuing copyrights. With this method, you (or your qualified expert) determine what the future income stream is likely to be, based on historical sales, market trends and the like.<\/p>\n<p><strong>This method works best when you can get reliable market data to support your predictions.<\/strong><\/p>\n<p>When in doubt, you can hire an IP valuation expert to choose the best method based on the circumstances and how much money the copyrights are likely to bring in.<\/p>\n<p>On the other hand, if the copyrights are making little money, or haven\u2019t even been published yet, you\u2019re probably better off saving your pennies and making your best guess.<\/p>\n<p>If you\u2019d like to learn more about dealing with copyrights in an estate, feel free to reach out to me at <a href=\"mailto:kaway@kawaylaw.com\" target=\"_blank\" rel=\"noopener\">kaway@kawaylaw.com<\/a>.<\/p>\n<p>***<\/p>\n<p><span style=\"font-weight: 400;\">Want to read more articles like this one Writer\u2019s Fun Zone? <\/span><a href=\"https:\/\/writersfunzone.com\/blog\/contact-beth\/#signup\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Subscribe here.<\/span><\/a><\/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>Lawyer Kelley Way shares with us three ways to determine copyright worth. The cost method, the market method and the income method.<\/p>\n","protected":false},"author":12,"featured_media":28345,"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":[4659],"tags":[447,5410,939,934,1043],"class_list":["post-28344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal","tag-copyright","tag-estate","tag-intellectual-property","tag-kelley-way","tag-legal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What\u2019s This Copyright Worth Anyway? by Kelley Way &#183; Writer&#039;s Fun Zone<\/title>\n<meta name=\"description\" content=\"Lawyer Kelley Way shares with us three ways to determine copyright worth. 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