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Here's where the business dilemma comes up: if you have an opportunity to license an image in some way that should have a model release, but you don't have one (and can't get one), what do you do? Here, you have a judgment call to make. Since this scenario is far more likely to happen than you will ever anticipate, apply pragmatism, and be prepared to deal with the worst-case scenario. Many of the issues discussed above outline the basic foundations of understanding risk. The sections that follow will enumerate more scenarios for consideration, but they are not complete by any means. The possibilities are infinite, and the pages I can dedicate to the subject are finite. All I can do is try to establish a pattern from which you can extrapolate into your own experiences.
To that end, let's start with something you will undoubtedly run into with a client someday.