What's a licensing agreement?

On jovoto, you are the author and 'owner' of your concept at all times. The Project initiator has the right to choose any idea out of each Project once it's over. If the initiator decides to "buy" an concept, they need to pay you an additional license fee. (This is the "Sold Idea Prize").
Once you have signed the license agreement, the Project initiator is free to use your concept. If no license agreement is signed, you are free to do whatever you like with your concept (including 'selling' to any another customer) after a period of two month.