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In this video tutorial, the speaker discusses key considerations for licensing artwork and reviewing contracts. They share their experience working with Control Prepaid Mastercard, which licensed their artwork for an artist series card. The speaker emphasizes the importance of understanding contract terms, specifically regarding payment methods, such as royalties versus flat fees. They highlight critical factors to consider, including whether royalties are based on revenue or profit, and how many items will be produced. This approach helps ensure that artists are adequately compensated for their work when collaborating with companies.