If You Sell All-Exclusive Rights for a Photograph to a Magazine

question 13

Multiple Choice

If you sell all-exclusive rights for a photograph to a magazine publisher, the publisher can:

• A)Only use the photograph in one publication, one time.
• B)Only use the photograph in one publication, but it can be used in the same publication again in a later monthly issue without further payment.
• C)Use the photograph any number of times within only one publication.
• D)Use the photograph any time in the future for any number of times.

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Definitions:

Market Value

The current market valuation at which you can buy or sell a service or asset.

List Price

The advertised or published price of a product or service before any discounts, allowances, or rebates are applied.

Deferred Payment Contract

A contractual agreement where payment is postponed to a future date beyond the standard billing period.

Prime Interest Rate

The interest rate that commercial banks charge their most credit-worthy customers, often used as a benchmark in lending rates.