The Artist Licensing Agreement is a legal document that allows an artist to grant a customer or client the temporary right to publish, copy, distribute, or use their image in return for payment. Unlike a typical sale, this agreement enables artists to retain ownership of their work, allowing them to profit from its use beyond an initial sale. It provides the framework for both the artist and client, detailing rights, responsibilities, and limitations concerning the use of the artist's image.
This agreement is essential for artists who wish to license their images for specific purposes, such as advertising, merchandise, or publications. It should be used when an artist wants to maintain ownership of their creative work while allowing a client to use it temporarily under agreed-upon conditions. This form can also protect both parties by establishing clear terms that govern how the images can be used.
This form does not typically require notarization to be legally valid. However, some jurisdictions or document types may still require it. US Legal Forms provides secure online notarization powered by Notarize, available 24/7 for added convenience.
What is a Licensing Agreement? A licensing agreement is a contract between two parties (the licensor and licensee) in which the licensor grants the licensee the right to use the brand name, trademark, patented technology, or ability to produce and sell goods owned by the licensor.
If you want a licensing agreement tailored to your specific situation, most attorneys charge $100-$300 or more an hour.
Royalty rates vary per industry, but a good rule of thumb is between 2-3% on the low end, and 7-10% on the high end. I have licensed consumer products for as low as 3% and as high as 7%, with 5% being the most common and a generally fair number. But 5% of what?
Download a template for a licensing agreement. Choose your role as the licensor or licensee. Define the license(s) in the agreement. Decide whether the license is exclusive or not. Settle the matter of fees and payment schedule. Add a renewal date and rules.
An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.