two party situation

Robpendragon

I have an interesting situation involving two parties for my current job.
To keep it simple the two involved I will refer to as the "artist" & the "company"
The artist created an award/sculpture for this large electronic manufacturing company. The artist finished the piece for the company & the artist took a snapshot of the award but the company did not like the photo & requested a professional photo to be used in a visual presentation/ corporate meeting for the company.
Now the artist (who hired me to take the photograph) will be the billable party in this situation.
My question is should I have both parties sign the license/usage contracts?
It is possible that the company may be using the photo for promotional uses (nation wide) Do you think it would be best to do two different contracts or am I just creating a headache for myself?
The last part of this situation is if the photo is just being used for presentation purposes (meeting) do you think it would be a good idea to have my copyright info more prominent on the photo? (I usually keep it very subtle)
I appreciate any help on this matter & I look forward to your opinions.

Cygnus Studios

It will be less of a headache to license the image to the artist as they are the client. The terms limiting their rights can be whatever is acceptable to you.

Using a signature or copyright on the image is usually not a good idea. You can ask for credit of the image in the license agreement.
You can also ask for tear sheets or work up copies.