The last of the Extended Licenses is the Sell the Rights License. This is usually the most expensive of all image license types because you transfer your copyright to the buyer.
That means after having sold the image, you have no more rights to it. The buyer may now use the picture as they like, because they have the exclusive rights to it.
It also means that you must remove the image from all sites where you had it displayed – from your own website, from portfolios you have on other websites, and from all stock image platforms where you offered the image for sale. And, of course, you cannot sell that image again.
This license is typically used when the buyer wants to create their own company logo with the image or use it for other branding purposes.
If you don’t want to sell off your rights to the picture forever, you may also restrict the time period of the usage. The minimum period is usually one year. This can be extended up to 2 years, 3 years, 5 years…. Setting a time limit tends to decrease the purchase price for the image.
However, after the time lime has expired, you can restart to use your image as before: you can display it on different websites, include it back into your portfolio, and offer it for sale again under whatever license you wish.