Owner of a copyright? How to optimize income from it!
A copyright is a form of protection for original works of authorship grounded in the laws. It works for both published and unpublished works of any tangible form of expression. A copyright grants the owner full rights over their form of art and gives them the right to earn money and optimize income from that art.
Registration of a copyright
A copyright protects original works of authorship which includes phrases, symbols, words, and designs used to identify certain goods and services from those of others. Unlike other forms of intellectual property, a copyright does not need to be registered as it is automatically registered the moment the content is created. However, it is very important to note that to earn money from it in the U.S, the creator will need to register it for the purposes of suing for the infringement of copyright. Registration is recommended for a number of reasons including having a certificate of registration and declaring in public domain that a specific person is indeed the owner of the copyright in question.
How to optimize income from a copyright
The first step in earning a copyright is to register the copyright so that the creator can have prima facie evidence in court in case of infringement. A registered copyright can attract statutory damages and attorney’s fees if one successfully proves that their works were used without prior permission. The copyright owner may also grant permission to anyone who wishes to make legal copies of their work. By doing so, the copyright owner can earn money and optimize income from the license. Royalties from the licensing make a great source of income for the copyright owner.
Earning from any form of intellectual property is a Herculean task as it demands a lot of diligence to pursue any infringement and may require the help of an attorney, and a legal professional ought to be consulted during this process. To ensure that an artist can enjoy the full benefits of a copyright and optimize income from it, it is essential to ensure that it legally is registered.