LICENSING RIGHTS EXPLAINED:
First Rights: one-time use of an image, limited by quantity, media, market and/or territory - i.e. 10,000 print copies, North American Distribution
Limited Buyout: unlimited use of an image (rights to reproduce/publish/sell the image), restricted to a specific media, market, territory and/or timeframe - i.e. Limited buyout restricted to print in Europe
Buyout/All Rights: control over right to reproduce/publish/sell the image, forever, in all media/markets/territories (ownership)
First Rights: one-time use of an image, limited by quantity, media, market and/or territory - i.e. 10,000 print copies, North American Distribution
Limited Buyout: unlimited use of an image (rights to reproduce/publish/sell the image), restricted to a specific media, market, territory and/or timeframe - i.e. Limited buyout restricted to print in Europe
Buyout/All Rights: control over right to reproduce/publish/sell the image, forever, in all media/markets/territories (ownership)