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Originally Posted by CDSmith
Incorrect.
Your answer is more thorough and accurate, but that doesn't mean that all the rest of the stuff everyone else said here is incorrect. Fact is much of it is every bit as correct as what you said. Not having proper releases and going ahead with using the content for business IS a train-wreck in progress. Models ARE generally unstable individuals, many of whom are prone to changing their minds later on. A proper release really does set out the terms for use, and it IS something that can be produced in court whereas a verbal agreement can't.
So all the other answers aren't wrong, they're just not the entire answer.
One thing most experienced shooters should be able to agree on is that shooting models and publishing the content without proper releases is a bad idea, yes?
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No, it is not simply a bad idea, it is against the law. It has nothing to do with the model being a train wreck, etc, etc, it is against the law. Now if the model never comes after you for it, you don't suffer. But that doesn't change the fact that it is not legal.