If you want to grant permission to another company or person to use your copyrighted material, such as a book, song, or article, consider signing a copyright license agreement with them. A copyright license agreement is a legally enforceable contract that gives a licensee—the company or person interested in using your work—legal authorization to use your work for designated purposes, typically in exchange for payment.
Read on to learn more about copyright license agreements and how to create one.
Also known as copyright release agreements, copyright assignment agreements, and copyright transfer agreements, copyright agreements are extremely important to regulate how others use your work. Their main purposes are to:
There are two main types of copyright licenses: nonexclusive and exclusive. When a nonexclusive license is given, the licensee is the only entity with the right to use your work for the duration of the licensing agreement. In contrast, a nonexclusive license allows you to authorize other companies and people to use the work at the same time.
You’re likely to encounter copyright license agreements if you work in innovative industries like entertainment and tech. Here are some examples of what copyright license agreements can regulate:
There are some types of information you can’t license with a copyright license agreement. These include:
Copyright assignment agreements typically require licensees to pay two types of fees: a copyright fee and royalty fees. Although they sound similar, royalty fees are distinct from copyright fees. The licensee pays a copyright fee to obtain a copyright license from you. They will then pay you royalty fees based on how much they earn using the copyrighted work. For example, a filmmaker will pay you a copyright fee to obtain a copyright license from you. This will allow them to use one of your songs in their films. The filmmaker will start paying you royalty fees once they make money above a certain threshold.
To create a copyright license agreement, you need to include the following parts:
Like other types of contracts, you need to cover the following in your copyright license agreement:
You also need to include the following information about the work being licensed and the terms of the license itself:
As you can see, drafting copyright license agreements can be trying, particularly if you’ve never done it before. Managing them can be even more challenging, especially if your organization is still stores contracts in hard-to-reach USBs, hard drives, and physical cabinets.
This is why you should consider getting enterprise-grade contract lifecycle management (CLM) software like Ironclad. Ironclad comes with state-of-the-art functionalities that transform contracts from blockers to enablers. Our Data Repository , for instance, allows you to manage, draft, and store contracts. Codeless, intuitive, and zero-training-required, Data Repository enables you to bring in contracts from anywhere in your company. With all your copyright license agreements in one place, anyone—whether they’re from Human Resources, Legal, or Procurement—can access your copyright license agreements. This will break down your company’s contract silos and streamline the process of answering questions about upcoming contractual obligations.
Ironclad also comes with the equally user-friendly Workflow Designer , which lets you create and approve automated workflows for copyright license agreements. A self-serve tool that works out of the box, our Workflow Designer has a simple drag-and-drop user interface that anyone can use. Say goodbye to spending hours drafting clauses for your copyright license agreements—Workflow Designer lets you create and launch contracts and approval processes in minutes. All you have to do is:
Our templates are up-to-date and contain guardrails to ensure 100% automatic contract compliance . If you don’t like our template language or clauses, you can easily modify the template language. You can also fine-tune approval routing workflows and deliver updates instantly.
A copyright license agreement is an agreement that gives another company or person the authorization to use your copyrighted work. It establishes the terms and conditions of this authorization, including rights granted to the licensee, the licensee’s obligations and rights, and how the licensee will pay you for allowing them to use your work.
Copyright license agreements can be difficult to write and manage, particularly if you’re dealing with thousands of them at once. As such, you should consider getting Ironclad Editor. Ironclad is an enterprise-grade contract management tool that will make drafting and managing copyright license agreements easier than ever. Our Data Repository allows you to store contracts from all over to gain a better understanding of upcoming deadlines and contractual obligations. What’s more, our Workflow Designer’s templates require no coding and have all of the legal language you need to start drafting copyright license agreements. All you have to do is upload a template, tag fields, and add approvers and signers.
If you’re interested in using Ironclad to manage and draft copyright license agreements, try our sandbox demo today.
Ironclad is not a law firm, and this post does not constitute or contain legal advice. To evaluate the accuracy, sufficiency, or reliability of the ideas and guidance reflected here, or the applicability of these materials to your business, you should consult with a licensed attorney. Use of and access to any of the resources contained within Ironclad’s site do not create an attorney-client relationship between the user and Ironclad.
Want more content like this? Sign up for our monthly newsletter.
