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What is the difference between basic and buyout rates?

BASIC buyout difference rates
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What is the difference between basic and buyout rates?

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The basic rate gives you the one-time right to reproduce images from a photo shoot in a particular publication or website. Future reproduction will incur a stock photography fee. The buyout rate allows you the most flexibility by giving you the unlimited right to reproduce images from a photo shoot in any current or future projects. However, you may not transfer reproduction rights to other departments or organizations.

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