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Exclusive Art Licensing

 

Traditional Art Licensing

A Traditional art copyright license comprises two parts: Part 1: General Terms and Part 2: a product specific License Grant.

Follow the link below the summary to see a copy of the entire DRAFT License-Agreement

An edited summary (not a legal document) of Typical LICENSE GRANT terms follows.

The parties agree, that under the terms of the Agreement, Artist grants a non- exclusive, non-transferable, royalty bearing license to the Artwork described herein, and only for the Fees, Term and Territory and Licensed Products set forth in this Grant - except that Artist shall not grant other licenses for the use of the Artwork in connection with the License during the term of this Agreement. All rights not specifically transferred by this Agreement are reserved to Artist.

LICENSE DETAILS

Licensed Artwork: quantity; License Term: Two (2) years; License Territory; Licensed Quantity; Licensed Product Name

LICENSE FEES, ROYALTIES AND PAYMENT

All are in United States Dollars (USD). Nonrefundable Advance against Royalty [TBD] + Nonrefundable Royalty percentage %[TBD] of gross sales price per each product SKU.

OTHER COMPENSATION

Quantity of Licensed Products [TBD] to be delivered to Artist as Additional Compensation

PAYMENT DETAILS

Payable at Signature:

Royalty Report Requirements:

Every Royalty Report, due for each reporting period shall include the following information:

LIMITATION OF LIABILITY

Notwithstanding any additional, different or conflicting terms, the total cumulative liability of either Licensor shall not exceed fifty percent (50%) of any royalty or other payments received hereunder by Licensor]

ENTIRE AGREEMENT

This Grant and its Exhibits, together with the Agreement and all Schedules and Exhibits, describes and documents the entire agreement between the parties And may not be changed or modified except by a written amendment signed by a representative from each party. In the case of a conflict between the Agreement and this Grant, this Grant will supersede.

DRAFT License-Agreement.pdf

 

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