THIS NFT ART LICENSE AGREEMENT is entered into on 02 April 2023
(1) PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the Artist)
(2) PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the Minter)
A. The Artist owns the intellectual property rights and title in the art, brief particulars of which are set out in Schedule 1 ("Art").
B. The Minter wishes to obtain a license to use the Art for the purposes of Creating and Selling a Digitized Token - NFT.
C. 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.
It Is Agreed as follows:
1.1 In this Agreement unless the context otherwise requires the following expressions shall have the following meanings:
Commencement Date means the date on which this Agreement shall commence as specified in Schedule 1;
NFT means Non-fungible Token, a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable;
Purpose means the limited purpose set out in Schedule 1, for which the Minter is authorized to use the Art pursuant to this Agreement; and
Schedule means Schedule 1 to this Agreement.
2.1 The clause headings are for ease of reference only and shall not affect the interpretation or construction of this Agreement. Any reference to an enactment includes reference to it as already amended and includes a reference to any repealed enactment which it may reenact, with or without amendment, and to any future re-enactment and/or amendment of it which modifies, consolidates or replaces it in whole or in part whether expressly or by implication.