On June 23, 2017, the Court of Appeals affirmed the Fayette Circuit Court. On a matter of first impression, the COA agreed with the attorneys at MGM that an assignment of a right to receive royalties from a copyright is not testamentary in nature, rather is a transfer of a contract right. The formalities of a will are not required to validly transfer the royalty right to be effective at the death of the assignor. Read the ruling.
