An imprecise term used to describe acquisition of broad usage rights to a work, sometimes in a particular market or medium.
Additional Info:Buy Out is a slang term, often misinterpreted as a transfer of copyright ownership of a work from the copyright holder to the client or client's agent. In the absence of a specific copyright transfer agreement executed by the copyright holder there is no copyright transfer. If this term is used, an additional, precise list of rights granted or transferred should accompany any license.
PLUS Usability Rank: Discouraged
Preferred Term: Unlimited Use