same as "work-for-hire." The illustrator or author is paid a lump sum for their work, and gets no royalties.
A one-time payment, as opposed to a royalty fee which involves payments at regular intervals. Sometimes called work for hire.
One-time compensation that generally provides a lump sum for an author or illustrator's work in exchange for all rights. (This is in contrast to a contract that includes an advance and royalties.)
an up-front lump sum paid for your attorney's fees
a one-time, lump sum payment for your invention
A fixed tuition sum which allows a prescribed range of credit hours.
A sum of money paid to a lawyer as compensation for services.
A flat fee is a single royalty fee charged to use the licensed material, regardless of the number of pages or copies requested.
A payment made as the only compensation; the opposite of an advance against royalties.
also called "work-for-hire." The author or illustrator is paid one lump sum for their work, and receives no royalties.
means that you're being paid a set fee, agreed upon by art buyer and illustrator, that does not include an additional payment of royalties. In the contract you negotiate specific grant of rights from your bundle of rights called "copyright." The grant of rights can include one-time rights, first rights, reprint rights, all rights (for a specified period of time), unlimited rights, and exclusive unlimited rights. The artist retains authorship rights. Exclusive grant of rights from artist to publisher must be conveyed in writing. Non-exclusive grant of rights need not be conveyed in writing, but it helps in keeping rights transactions clear.