Buy-out
A buy-out is a one-time purchase and acquisition of all rights to something (including copyrights). A buy-out is done as a flat fee, which may be spread out over time or conditioned upon certain circumstances.
Pronunciation: /ˈbī-ˌau̇t/
Categories: filmAndVideo, artwork, songwriting, recordedMusic, musicPublishing, musicLicensing
Related Agreements: producerAgreement, sideArtistAgreement, workForHireAgreement
The producer remixed the song for $500 on a buyout basis.
