[WikiEN-l] Picture copyrights - an interesting article

[Stephen Bain]

On 2/3/07, Guettarda <guettarda at gmail.com> wrote:
>
> The article says that the rates are high, but within the normal range.  If
> that's true, could on really make a case for extortion?

I would have to see the terms of the agreement, but I would imagine
that Corbis/Getty etc. are offering forbearance [1] in addition to the
licence for the image as their consideration, in exchange for the
larger fee. That's not extortion, in fact it's quite common in
commercial negotiations.

--

(1) "Forbearance", in this context, means refraining from exercising a
right to take legal action. It often appears in the context of a debt
agreement, for example if A loaned $1000 to B, and B didn't pay the
money back when it was due, A might renegotiate the loan agreement and
offer forbearance (from suing to enforce the debt) if B agreed to pay,
say $200 extra within a certain amount of time.

-- 
Stephen Bain
stephen.bain at gmail.com