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This tutorial discusses the essentials of licensing artwork and key considerations when entering contracts with companies. The speaker shares their experience working with Control Prepaid Mastercard, which licensed their artwork for an artist series card. Important factors to examine in contracts include payment methods—whether royalties or a flat fee—along with details about the percentage of revenue or profit, and the number of items to be produced. The speaker emphasizes understanding the terms, including who is involved, what is being licensed, when it will take effect, where it will be used, and why the licensing is happening. This thorough evaluation is crucial for protecting artists' interests.