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In this tutorial, the speaker discusses licensing artwork and contract considerations for artists. They share their experience working with Control Prepaid Mastercard, which licensed their artwork for an artist series card. Key points to consider in contracts include understanding payment terms, particularly whether compensation comes in the form of royalties or a flat fee. The speaker emphasizes the importance of knowing what percentage of revenue or profit the royalties are based on, and how many items will be produced. Overall, artists should carefully evaluate the specifics of contracts to ensure fair compensation for their work.