I'm quoting the design of a typeface based on lettering from an art director, and would like to ask the board members how you approach this kind of situation. Do you make it exclusive for X years and then release it commercially? What if the initial sketch idea comes from an art director? If you offer it for sale after the exclusivity period, do you split the royalties with the art director?
I know it may depend on a lot of variables, so maybe illustrating with particular cases you've run into would help.