Lnglive1011yyz From Canada, joined Oct 2003, 1608 posts, RR: 15 Posted (8 years 5 months 2 weeks 6 days 23 hours ago) and read 2624 times:
I'm just curious as to whether anyone on this site has had a major photography contract drawn up..
I.E, for a calendar, or something other where you'd be selling either a photo, or a block of photos for use in a commercial calendar, or for anything else that can be used commercially, as in a book, etc?
How do you determine the value of your images?
Can you give an indication how much your images were valued at, and how you came to that conclusion?
Did you get a lawyer involved, to ensure that contractual obligations were met, and nothing was put in there to 'rip you off' etc..?
Is there any advice you can give to us all, in case we run into the situation?
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Chrisair From United States of America, joined Sep 2000, 2185 posts, RR: 3
Reply 1, posted (8 years 5 months 2 weeks 6 days 16 hours ago) and read 2584 times:
Each contract is going to be different, based on useage, company etc etc etc.
I don't think there's one way to have a set value, say $10,000. Generally speaking, I use the figure of $15,000 per image. Of course, this goes up for rare images. A couple very rare images I have, I value for $80,000 or more. They also live in a safe deposit box.
You want to make it so they have to pay a licensing fee. Generally, I won't let my images go out for more than a year.
Never, ever, ever give up your copyright. NEVER. NOT FOR ANY AMOUNT OF MONEY! If you do this, you give up the possibility to make more money. Let's say you sell a copyright for $50,000. You could probably sell that image again, and again and again for $20k each. After two sales, you would have surpassed the $50,000 you made from selling the copyright.
The most important tip is don't sell yourself short. Don't sell Boeing an image for $50.
Although, I will say I do trade images with airlines sometimes for passes. That is a really good way to get some free travel.
QANTAS077 From Australia, joined Jan 2004, 5869 posts, RR: 39
Reply 3, posted (8 years 5 months 2 weeks 6 days 8 hours ago) and read 2552 times:
i've a contract with Qantas for 12 months with a shot of mine, we did the negotiations and terms last week, they recieved the image and i've the contract from the advertising agency and my contact at Qantas.
tidy little earner this one too!
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