I just sat down to write an article for another artist to use for her eZine… the first question is this:
What is art licensing?
Well, I know the answer. But I wanted a simple definition, so like I am apt to do, I headed to Google and typed in: Art Licensing Definition.
Then I went and read this great article that really explains it, here it is in a nutshell:
Think of an assignment like the sale of a house and a license like a rental. In an assignment, you usually give up all ownership rights to your art. In a license, you temporarily transfer your rights but you retain ownership of the art.
It’s from nolo.com – a great resource for legal info.
It goes into some of the issues of contracts too so I recommend anyone wanting to know what licensing is or wanting to make sure they understand the legal terms, go check it out!
P.S. Personally, I try to rent whenever possible but there are times where accepting an offer to buy can be good for your bottom line. Consider the art, the time it took and your cash flow needs.