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One way to make deals in the corporate art world is by hiring an art consultant. Art consultants work by connecting collectors, corporations and artists to find the right piece for a space.
A licensing partnership is usually a short-term and non-exclusive arrangement that can cover multiple territories or markets. Examples of licensing partnerships are Disney, Microsoft, and Nike.
Artists and craftspeople need a permit if they want to exhibit and sell their work on public property. This procedure provides a framework for the sale of handicrafts and works of art on public property in Montreal.
An example of a licensing agreement in the restaurant space would be when a McDonald's franchisee has a licensing agreement with the McDonald's Corporation that lets them use the company's branding and marketing materials.
While some artists sell their work, other artists get money through royalties from licenses. This means that they offer someone else the right to copy their work in exchange for payments, while they retain ownership in the work.
License Agreement Tips Firmly establish ownership. A good contract should clearly state what rights are being granted pertaining to the intellectual property in question. ... Do not overlook definitions. ... Define the royalty system. ... Explain the quality assurance monitoring process. ... Be aware of government regulations.
How to begin licensing your art Do the research. Read books, websites and blogs such as MariaBrophy.com, Theabundantartist.com and ArtsyShark.com on how artists can license their art. ... Know your market. ... Make the pitch. ... Create a plan. ... Mock-up a catalog. ... Follow up. ... Use social media. ... License the work yourself.
10 Steps to Start an Art Business Make a Plan. No business should exist without a business plan. ... Identify Target Customer/Market. ... Understand Your Finances. ... Set Prices. ... Licensing. ... Set up a Payment and Ordering Structure. ... Build a Website. ... Develop on Online Presence/Build Community.