What's the difference between rights-managed and royalty-free images?

Rights-Managed Images ("RM Images") Royalty-Free Images ("RF Images")
Licensing. The licensing of RM Images is at all times subject to limitations on use as specifically agreed upon by You and Brett Gilmour Photography in advance. The terms of licensing will specify such things as the media in which the RM Image will appear, the name of the end user (e.g. Your client, if applicable), geographical distribution, size of reproduction, duration of use and exclusivity required.
Licensing. The licensing of RF Images permits You to reproduce an RF Image in unlimited media, for unlimited "proper" purposes (i.e. not for pornographic, defamatory, unethical or unlawful uses) for an unlimited period of time.
Fees. RM licensing fees are determined by the specific manner in which You will use an RM Image.
Fees. RF licensing fees are fixed, solely based on the size of the RF Image file.
Credit or cancellation policy. A full credit or refund is allowed if an RM License is cancelled within 30 days for any reason.
No cancellation rights . An RF license is non-refundable.
Free high-res comping images. If You have Approved Client Status, You can obtain a high-resolution file of any RM Image from Brett Gilmour Photography for inspection and comping purposes.
No high-res comping rights. In order to obtain a high-resolution RF Image from Brett Gilmour Photography, You must purchase an RF License.
Usage history available . Brett Gilmour Photography can provide you with details of current and prior uses of any RM Image.
No usage history available.
Exclusive rights available. Exclusive rights are not available.
Sensitive issues releases. If You need to use an RM Image of a person in a sensitive context, Brett Gilmour Photography may be able to obtain a specific release from the person depicted for Your specific usage.
No sensitive issues releases. Due to the unlimited nature of an RF license, Brett Gilmour Photography is unable to provide specific sensitive issues releases for RF Images.

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