What is the difference between a ‘license’ and a ‘sale’ of artwork?

In Mississippi, the primary difference between a ‘license’ and a ‘sale’ of artwork is the set of rights that are transferred. A license grants the recipient permission to use the artwork in a designated way, usually for a fee. The agreement is legally binding and involves the transfer of certain rights from the artist to the licensee. Generally, the licensee receives only the right to reproduce or display the artwork, but may also have the right to create derivative works, such as prints or clothing. A sale of artwork, on the other hand, involves the complete transfer of ownership rights from the artist to the buyer. This means that the buyer now has the full rights to the artwork, and can reproduce, display, sell, or modify it however they choose. The artist loses all control over the artwork once it is sold. Licensing artwork is a common practice for businesses that want to use the artwork for commercial purposes. A license allows the licensee to use the artwork without legally owning it, while a sale allows the buyer to become the legal owner of the artwork. Both license and sales transactions involve financial compensation for the artist.

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What is the difference between a ‘license’ and a ‘sale’ of artwork?

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