Artist Licensing Agreement
Definition and meaning
An Artist Licensing Agreement is a legally binding document between an artist and a client that outlines the terms under which the client can use the images or digital assets created by the artist. The agreement establishes the rights and responsibilities of both parties regarding the reproduction, distribution, and display of the artwork, ensuring that the artist retains ownership of their work while granting the client specified usage rights.
Key components of the form
The Artist Licensing Agreement contains several important sections:
- Rights: Clarifies that all rights related to the images remain with the artist, outlining the limited rights granted to the client.
- Deliverables: Specifies the format, resolution, and method of image delivery, as well as the artist’s responsibilities for ensuring quality.
- Fees: Details the payment terms, including due dates and consequences for late payments.
- Indemnification: Identifies the client’s responsibility to defend the artist against legal claims related to the images.
- Governing law: States the jurisdiction under which the agreement will be enforced.
How to complete a form
To properly complete the Artist Licensing Agreement, follow these steps:
- Fill in the date of the agreement.
- Enter the artist's name and address in the designated sections.
- Provide the client's name and address.
- Clearly define the scope of usage for the images within the rights section.
- Specify any delivery details, including file formats and sizes.
- Indicate the payment terms and fees.
- Ensure both parties sign and date the agreement to finalize.
Who should use this form
This form is suitable for artists, photographers, graphic designers, and clients who wish to use their work for various purposes, including commercial use, marketing, or promotional activities. It is particularly beneficial for freelancers and independent contractors who require a clear understanding of rights and usage limitations.
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FAQ
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.