In November 2014 Charles Saatchi, the owner of Saatchi Gallery, initiated legal action in the United Kingdom's Chancery Division of High Court of Justice against the current owners of Saatchi Art. He demands to stop using the name Saatchi Art due to a breach of an Intellectual Property agreement of February 18, 2010. He also asks to be paid out the share of the profit made by using the name Saatchi Art from the moment of alleged breach.[4][5]