Firstly, this section deals with an OPTIONAL EXTRA and is covered by the Standard License, but if you are interested in IP then please read on. In general Intellectual Property (IP) is a class of asset ownership that is associated with such things as photographs, graphic art, videos and recordings, also know as Works. Ownership of Works typically starts as belonging to the person who created them. In everyday life, the Internet is full of such Works, most of which are essentially provided free to enjoy. However, in the case of commercial Works, the Client may opt to secure the IP. This is typically done with a formal agreement, in writing, on terms such as Licensing, Rights, or Work for Hire.
IP Terms and Rates:
Standard License [for commissioned work]: FREE ... refer to
LICENSE Agreement: The Licensor grants to the Licensee a License to Use a provided valuable Resource, that is a Work in a bespoke or specific version; The Work may be a collection of objects as necessary to be a Work; The Resource is provided as Royalty free to the Licensee for a specified purpose, or Use; The Use may be for personal enjoyment without replication of the Work; Or, the Use may be for promotion with replication of the Work; For clarity this License does NOT attach as a Property or as a Resource, the User can not exert, transfer or sell Rights, or extract Royalties; The License granted is non-exclusive, and the Licensor may grant further Licenses to the Resource; The fee for the License is the Licensor Stock Images price, unless otherwise agreed.
RIGHTS Agreement: The Creator, Works originator, Rights holder and Vendor agrees to grant Full Rights to a specific Work, for a fee; The fee will be based on the commercial value of the Work (via an acceptable comparable competitor price), or THREE TIMES (3x) the invoiced value of Development, whichever is highest.
WORK FOR HIRE Agreement: The Work For Hire agreement gives possession, ownership and Rights of all material including intermediate files and final Works to the client, and is calculated as: an upfront retainer fee of $1000 per agreed discrete project to secure scheduling commitment, plus progress payments based on Hourly Rate 1 payable weekly, plus performance bonuses at milestones; All work is to be done on client premises and with client equipment.