When someone creates a work of art or other form of unique creative property, there are a number of ways that compensation or wealth can result. While Florida creators sometimes earn high incomes from the initial production or distribution of their products, the real money often comes in the form of royalties, which can be paid out over one's lifetime. A recently filed lawsuit demonstrates that royalty income continues to be an issue even after the death of the creator, and can lead to serious royalty disputes.
When an individual or group creates an artistic work and then licenses the use of that creation to another party, royalty payments are often the form of compensation laid out in the agreement between the two entities. Royalties often form the base of an artist's income, and many are able to retire or take a new artistic direction due to the stability of their royalty income stream. However, royalty disputes are common in Florida and elsewhere, and a recently filed lawsuit demonstrates just how lucrative royalty deals can be, and how important it is to protect one's artistic property.