Divorce is not just about dividing homes, bank accounts, and retirement funds. It can also involve less obvious assets like intellectual property. If you or your spouse created something during the marriage, whether it was a bestselling novel, a software app, or a patented invention, those rights may be up for division. Many people are surprised to learn that intellectual property (IP) can be considered marital property under state law, especially if it produces income or has significant future value. An Illinois divorce lawyer can help you protect your creative work and ensure that these complex assets are handled fairly during the division process.
What Counts as Intellectual Property?
Intellectual property refers to creations of the mind that are legally protected. Common types include:
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Copyrights, which protect original works of authorship like books, music, or software