Licensing
Licensing is another way for Miroslavo to share his work with others by providing it to manufacturers, brands, and companies to use for commercial purposes. It can be a painting, a drawing, a design, a photograph or an invention.
How does it work in practice?
Usually, an agreement is drawn between the licensee (client) and the licensor (Miroslavo) and is mostly structured around:
- what is being licensed,
- how it will be used
- in which territory will it be sold,
- duration of licensing, and
- amount of royalties, profit share or fees to be paid by the licensee.
There is no hard and fast rule when it comes to licensing and the terms of the agreement usually depends on many specific factors.