I combined two stock photos I purchased from Fotolia into one graphic (I presume this would be considered a derivative), and on my (non-commercial) website I carefully attributed both of the pics I used to the best of my ability.
My understanding is that I cannot give anyone else permission to post the resulting graphic on their own website, even though I "created" it by combining those two pics, because I can in no way "transfer" any type of copyright to them. Is this correct?