This is a great way of describing licensing or usage rights for photography. I found it on Lincoln Barbour's website - a fantastic advertising shooter based in the US.
Anyway, back to the point - think of photography in terms of...
Music - you hear a pop song in a commercial, but that company doesn’t own the song.
Software - you buy the software, but that doesn’t mean you own the code.
Blueprints - you may own the building when it’s built, but the architect owns the design.
Sculpture - you can buy art, but you can’t copy and sell it as your own.
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