Pop artist Robert Indiana, best known for his LOVE statue (which was created in 1964 for a Christmas card for New York’s Museum of Modern Art) is being sued by a former business partner, John Gilbert.

Gilbert claims Indiana signed an agreement three years ago which allowed him to license sculptures and other pieces bearing the word “prem” (Sanskrit for “love”) in Indiana’s iconic style.

The deal apparently fell apart at some stage, leading to the cancellation of auctions at both Sotheby’s and Christie’s, and according to Gilbert’s breach of contract suit, kept him from “meeting [his] obligations under current contracts and jeopardized prospective contractual agreements with numerous third parties.”

Indiana, now 81 years old, has filed a counter-suit for alleged violations of trademark law, stating that he never signed an agreement.

For the full story, see The Gothamist.