Copyright Transfer of Rights and Buyout Price
Tuesday, January 27th, 2009Author of this post: Jean Perwin | About Blog Authors »
You asked your legal, copyright, and trademark questions, and Jean has answered! All questions are culled from the comments section attached to the original ‘Ask Jean’ post. We invite you to ask more questions.
Thomas says:
I am a freelance graphic designer.Over the course of 5 years, I conceptualized and designed all the branding, corporate identity, website design and illustration work for COMPANY A - at a reduced hourly rate. It was a small startup company with a website product, and I had a somewhat personal relationship with the owner.
Now, there was money exchanged for design services, with this set hourly rate paid for the work. There was also - however - a COMPANY A promise of a lot of future work once the COMPANY A product was sold.
No agreement was ever signed, and ownership of the copyright was never discussed. There was an inherent promise to compensate us once the product was acquired, but that has not materialized.
COMPANY A was recently acquired by a major Magazine, which will bundle the COMPANY A product into their features on their website.So basically the product was sold, but i’ve been cut out of any profit or promise of continuing work. The Magazine’s creative director is now requesting original art files from us as well, so they can take over the maintenance and further marketing of the product.
My questions are as follows:

























