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In this tutorial, the speaker discusses the process of licensing artwork, specifically what to watch for in contracts. They share their experience of working with Control Prepaid Mastercard, which licensed their artwork for an artist series card. Key points to consider in contracts include understanding payment methods—whether through royalties or a flat fee. When royalties are involved, it’s crucial to determine if the percentage is based on revenue or profit, and to clarify the total number of items being produced. The speaker emphasizes the importance of knowing the terms including who, what, when, where, and why regarding the licensing agreement.