If you plan to sell, license or otherwise monetize your content, protecting your intellectual property is the most important and critical step that you can take - especially if you’re working with collaborators. Here’s why:
- Without an agreement in place, each of your collaborators by default will own an equal share of the content you create together regardless of how minor or major their contribution is.
- Simply paying someone does not create a work for hire arrangement - an actual work for hire contract is required.
- When you want to sell or license your content via a third party partner, you will likely need to disclose the owners of the content and their respective shares. You may also need to obtain permission from your collaborators to enter into an agreement with third parties. This is easier to do when you have agreements that establish ownership beforehand.
Establishing and protecting ownership of your content now can save you time, money and the frustration of content-related issues (e.g. lawsuits, arguments, loss of income, etc.) in the future.