NFT Art Licence Agreement

Digitialized Non-fungible Token

No. of Prokens Required: 3 |

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Description:

NFT Art Licence Agreement whereby the Artist grants the Minter / Gallery to convert the Art into a Digitialized Non-fungible Token for sale and the Minter is entitled to a commission.

A NFT License Agreement sets out the terms upon which the Minter obtains the license to use the Art for the purposes of Creating and Selling a Digitized Token - NFT. The Artist has agreed to grant a licence to the Minter to create an in the Art on the terms and conditions set out in this Agreement.

In this Agreement. the Artist:

(a) warrants the ownership of the Art and will not create a second NFT;

(b) waives its moral rights in the Art;

(c) undertakes to indemnify the Minter for all any losses suffered due to any act or commissions of the Artist.

The Minter shall be responsible for the cost of creating and arranging the sale of the NFT of the Art. Minter shall be solely responsible for expenses as they relate to reproducing Art as outlined in Scope of Work. Minter will have no additional financial liabilities or royalties due to the Artist outside of the agreed-upon license fee and commission. The Minter will receive a commission for the sale.

The Minter shall accord credit on any use or reproduction of the Art in the name of the Artist and shall agree with all other parties who display the Art for the NFT sale that they shall accord us the same credit. However, any failure to give photo credit to the Licensor does not constitute a breach of this Agreement.

How to use this Document?

Both the Artist'and Minter's information should be provided in this agreement, along with their principal places of business.

The license fee and commission should also be specified, as well a clear description of the ART to be licensed by the Artist. 

How to Tailor the Document for Your Need?

  1. Create Document: Click “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.
  2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.
  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.
  4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.
Document Type:

Agreements / contracts

Category:

Business > Intellectual Property / Information Technology > Intellectual Property Agreement

 
Keywords:

NFT

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Art

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NFT Art

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NFT Licence Agreement

,  

Artist

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Minter

,  

Gallery

,  

Digitialized

,  

Non-fungible Token

,  

IP

,  

license agreement

,  

photo

,  

artwork

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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.