Looks fairly ok, Donald. I don't know exactly for how US law applies, but here in the UK, the forms I use are a little simpler (less legal-ese).

I suppose it depends on the markets you're entering. I generally sign off release of all digital files, negs and releases to the copyright owner (me) and include the usual liabilities.

Dunno if you already have it, but look at getting some indemnity cover. I am a member of the SWPP and the BPPA in the UK. Their site may have some info for you.

www.swpp.co.uk or just search.

Not much, I know, but I hope it helps. Good luck with the classes!

Dave