What is a stock photography license?
A stock photography license is an agreement in which the photographer, who owns the copyright to an image, grants specific usage rights to the purchaser of that image. The license outlines the scope in which the image may be used by the licensee.
Rights-Managed and Royalty-Free
Stock photography industry breaks down into two dominant model types – a rights-managed a royalty-free. While there are other licensing models in stock photography, I will only outline these two because they are the most commonly used in the stock photography industry.