Buyout
Type: noun, legal term
Pronunciation: /buy-out/
Also spelled or known as: Rights buyout, Full buyout
Plural: Buyouts
What does Buyout mean? A one-time payment made in exchange for ownership or usage rights.
A Buyout is a payment arrangement where a creator or rights owner receives a one-time payment in exchange for transferring ownership rights or granting extensive usage rights.
In music and media, buyouts are commonly used for production music, voiceovers, jingles, and commissioned works.
Depending on the agreement, a buyout may eliminate future royalty payments to the creator.
Buyout synonyms: Rights buyout, Full buyout
Example sentence: “The composer accepted a buyout for the commercial soundtrack.”