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In this tutorial, the speaker discusses key considerations when licensing artwork and reviewing contracts. Recently, they collaborated with a company to feature their artwork on a prepaid Mastercard. Important aspects to examine in contracts include the payment structure—whether it’s royalties or a flat fee. With royalties, it's essential to clarify if the percentage is based on revenue or profit, and to consider the number of items to be produced. Understanding these terms ensures better insight into potential earnings and the scope of the project. Overall, artists should be vigilant about contractual details to protect their interests when licensing their work.