diff --git a/README.md b/README.md
index 34b4c32..0ac8ae0 100644
--- a/README.md
+++ b/README.md
@@ -59,6 +59,8 @@ interface DashKitProps {
   noOverlay?: boolean;
   focusable?: boolean;
   draggableHandleClassName?: string;
+  getPreparedCopyItemOptions?: (options: PreparedCopyItemOptions) => PreparedCopyItemOptions;
+  onCopyFulfill?: (error: null | Error, data?: PreparedCopyItemOptions) => void;
 }
 ```
 
@@ -84,6 +86,8 @@ interface DashKitProps {
 - **onResizeStart**: ReactGridLayout called when item resize started
 - **onResize**: ReactGridLayout called while item resizing
 - **onResizeStop**: ReactGridLayout called when item resize stoped
+- **getPreparedCopyItemOptions**: Called for converting copied item to serializable object before saving it to localstorage. It should be used instead of deprecated `context.getPreparedCopyItemOptions` prop
+- **onCopyFulfill**: Called when item copy finished with `error=null` and defined `data` on successful operation done and with `error: Error` without `data` otherwise
 
 ## Usage
 
diff --git a/src/components/DashKit/DashKit.tsx b/src/components/DashKit/DashKit.tsx
index d3a7121..af418f2 100644
--- a/src/components/DashKit/DashKit.tsx
+++ b/src/components/DashKit/DashKit.tsx
@@ -29,9 +29,10 @@ import {
 import {RegisterManager, UpdateManager, reflowLayout} from '../../utils';
 import DashKitView from '../DashKitView/DashKitView';
 import GridLayout from '../GridLayout/GridLayout';
-import {OverlayControlItem} from '../OverlayControls/OverlayControls';
+import {OverlayControlItem, OverlayControlsCtxShape} from '../OverlayControls/OverlayControls';
 
-interface DashKitGeneralProps {
+interface DashKitGeneralProps
+    extends Pick<OverlayControlsCtxShape, 'getPreparedCopyItemOptions' | 'onCopyFulfill'> {
     config: Config;
     editMode: boolean;
     draggableHandleClassName?: string;
diff --git a/src/components/DashKit/__stories__/DashKitShowcase.tsx b/src/components/DashKit/__stories__/DashKitShowcase.tsx
index e706f07..f7b6d94 100644
--- a/src/components/DashKit/__stories__/DashKitShowcase.tsx
+++ b/src/components/DashKit/__stories__/DashKitShowcase.tsx
@@ -236,6 +236,9 @@ export class DashKitShowcase extends React.Component<{}, DashKitDemoState> {
                         overlayControls={this.state.enableOverlayControls ? this.controls : null}
                         overlayMenuItems={this.state.overlayMenuItems}
                         focusable={true}
+                        onCopyFulfill={(_error, data) =>
+                            console.info('Copied: ' + JSON.stringify(data))
+                        }
                     />
                 </DemoRow>
             </Demo>
diff --git a/src/components/OverlayControls/OverlayControls.tsx b/src/components/OverlayControls/OverlayControls.tsx
index 7a11aec..cef6744 100644
--- a/src/components/OverlayControls/OverlayControls.tsx
+++ b/src/components/OverlayControls/OverlayControls.tsx
@@ -94,7 +94,7 @@ export type PreparedCopyItemOptions<C extends object = {}> = PreparedCopyItemOpt
     copyContext?: C;
 };
 
-type DashKitCtx = React.Context<{
+export interface OverlayControlsCtxShape {
     overlayControls?: Record<string, OverlayControlItem[]>;
     context: Record<string, any>;
     menu: MenuItem[];
@@ -103,7 +103,11 @@ type DashKitCtx = React.Context<{
     editItem: (item: ConfigItem) => void;
     removeItem: (id: string) => void;
     getLayoutItem: (id: string) => ConfigLayout | void;
-}>;
+    getPreparedCopyItemOptions?: (options: PreparedCopyItemOptions) => PreparedCopyItemOptions;
+    onCopyFulfill?: (error: null | Error, data?: PreparedCopyItemOptions) => void;
+}
+
+type OverlayControlsCtx = React.Context<OverlayControlsCtxShape>;
 
 const DEFAULT_DROPDOWN_MENU = [MenuItems.Copy, MenuItems.Delete];
 
@@ -114,7 +118,7 @@ class OverlayControls extends React.Component<OverlayControlsProps> {
         view: 'flat',
         size: 'm',
     };
-    context!: React.ContextType<DashKitCtx>;
+    context!: React.ContextType<OverlayControlsCtx>;
     render() {
         const {position} = this.props;
         const items = this.getItems();
@@ -405,11 +409,27 @@ class OverlayControls extends React.Component<OverlayControlsProps> {
             targetInnerId,
         };
 
-        if (typeof this.context.context?.getPreparedCopyItemOptions === 'function') {
+        if (this.context.context?.getPreparedCopyItemOptions) {
+            console.warn?.(
+                '`context.getPreparedCopyItemOptions` is deprecated. Please use `getPreparedCopyItemOptions` prop instead',
+            );
+        }
+
+        const getPreparedCopyItemOptions =
+            this.context?.getPreparedCopyItemOptions ??
+            this.context.context?.getPreparedCopyItemOptions;
+
+        if (typeof getPreparedCopyItemOptions === 'function') {
             options = this.context.context.getPreparedCopyItemOptions(options);
         }
 
-        localStorage.setItem(COPIED_WIDGET_STORE_KEY, JSON.stringify(options));
+        try {
+            localStorage.setItem(COPIED_WIDGET_STORE_KEY, JSON.stringify(options));
+            this.context.onCopyFulfill?.(null, options);
+        } catch (e) {
+            const error = e instanceof Error ? e : new Error('Unknown error while copying item');
+            this.context.onCopyFulfill?.(error);
+        }
         // https://stackoverflow.com/questions/35865481/storage-event-not-firing
         window.dispatchEvent(new Event('storage'));
         this.props.onItemClick?.();
diff --git a/src/hocs/withContext.js b/src/hocs/withContext.js
index 227183e..833e226 100644
--- a/src/hocs/withContext.js
+++ b/src/hocs/withContext.js
@@ -520,12 +520,16 @@ function useMemoStateContext(props) {
             editItem: props.onItemEdit,
             removeItem: onItemRemove,
             getLayoutItem: getLayoutItem,
+            getPreparedCopyItemOptions: props.getPreparedCopyItemOptions,
+            onCopyFulfill: props.onCopyFulfill,
         }),
         [
             props.overlayControls,
             props.context,
             props.itemsStateAndParams,
             props.onItemEdit,
+            props.getPreparedCopyItemOptions,
+            props.onCopyFulfill,
             overlayMenuItems,
             itemsParams,
             onItemRemove,