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What does it mean if an asset is licensed to a “business” or an “individual”?

Written by Marianne Bunton
Updated this week

If an asset is licensed to an individual, legal coverage and usage rights are only provided to a singular person whose name is on the license. With our Individual License, a user cannot share stock assets files with others - you can only share your finished projects that incorporate the assets. Individuals are also covered by US$20,000 in indemnification.

If an asset is licensed to a business, legal coverage and usage rights are provided to a company or organization listed on the license, which covers the company’s employees. With our Business License, organizations are covered by US$1,000,000 in indemnification and have fully unlimited distribution. And even if your employees leave the company, your business will stay covered.

Please note that if you have an Individual License but are creating on behalf of your company, your company is not licensed nor protected against legal issues. In the event that you leave your company, the rights to all assets go with you and your company cannot use your raw assets or finished projects.

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