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Don't know if I'm overlooking it, but I can't find how to adjust the spacing/location when using a "custom" watermark/logo. LR seems to automatically place it to close to the edge. I print everything with a bleed edge, which means if the print is framed, it cuts off part of it. In PS 8 there wasn't a way to adjust, the work around either being to add text to a layer, or create a custom brush. Is this also true in LR? Or, are there margin adjustments?