๐Ÿงช
DeSci.Codes
  • ๐Ÿ‘‹Welcome!
  • Overview
    • โœจAbout DeSci.Codes
  • TEMPLATES
    • ๐ŸคGovernance
      • ๐Ÿ‘จโ€๐Ÿ”ฌProposal to Enter into SRA, Mint an IP-NFT, and Distribute IPTs
      • ๐Ÿง‘โ€๐Ÿ’ปProposal for Syndicating IP-NFT and Co-Governing IP-NFT in IP HoldCo
      • ๐Ÿ‘จโ€๐Ÿ’ผProposal for Exclusive License/Sale of IP-NFT to [Corporate Name LLC/Inc]
      • ๐Ÿ‘ฉโ€๐Ÿ’ผProposal for Exclusive License/Sale of IP-NFT & Winding Up of IPT Program
    • ๐Ÿ“ƒModel Agreements
      • โ–ช๏ธSAFIP ยท Simple Agreement for Future Intellectual Property
      • โ–ซ๏ธSAFIPT ยท Simple Agreement for Future Intellectual Property Tokens
      • โ–ช๏ธModel IPT Membership Agreement
      • โ–ช๏ธModel IPT Royalty Agreement
      • โ–ช๏ธIP-NFT Transfer and Assignment Agreement
      • โ–ช๏ธProof of idea to IPNFT Assignment Agreement
      • โ–ช๏ธNDA ยท General Non-Disclosure Agreement
  • GUIDES
    • ๐Ÿ›๏ธHow to Form an IP HoldCo
    • ๐Ÿ“‘Sales of Royal IPTs: IPTs as Securities / Asset Tokens
    • ๐Ÿ“—BioDAO Bible
Powered by GitBook
On this page
  • About
  • When to use it:
  • How to use it:
  • Template
  1. TEMPLATES
  2. Governance

Proposal for Exclusive License/Sale of IP-NFT & Winding Up of IPT Program

An IP-NFT owner has tokenized the IP-NFT into IPTs and wants the IPT holders to vote to exit the IP-NFT via license or sale to an IP HoldCo and wind up the IPT program.

PreviousProposal for Exclusive License/Sale of IP-NFT to [Corporate Name LLC/Inc]NextModel Agreements

Last updated 1 year ago

About

This template outlines a proposal for the exclusive license or sale of an IP-NFT and the winding up of an associated IPT program within a community. It covers the summary, background, deal proposal, and implementation steps for such a transaction.

When to use it:

  • End of IPT Program: Use this template when the IPT program has fulfilled its purpose and there is an opportunity to monetize the IP-NFT through an exclusive license or sale while winding up the program.

  • Decision Making: Use it to obtain approval from relevant stakeholders (e.g., DAO utility token holders or IPT holders) to proceed with the licensing/sale and winding up of the program.

How to use it:

  1. Duplicate Template: Click on template below and download the file.

  2. Fill in Specific Details: Customize the template with specific information related to your IP-NFT, licensee/assignee, details of the agreement, consideration (payment or equity), termination rights (if applicable), and distribution of proceeds among IPT holders (if relevant).

  3. Legal and Financial Review: Ensure that all terms and agreements comply with legal requirements and financial regulations. Consult counsel if you want legal advice related to use of the agreement.

  4. Community Approval: Present the proposal to relevant stakeholders (e.g., DAO utility token holders or IPT holders) for discussion and approval. Consider using voting mechanisms or delegating voting power to a representative as outlined in the template.

  5. Execution: Once approved, authorize the designated entity (e.g., IP-NFT HoldCo or DAO) to execute the final agreement and handle the transfer of the IP-NFT and distribution of proceeds as outlined in the implementation section.

Important Considerations

Template

๐Ÿค
๐Ÿ‘ฉโ€๐Ÿ’ผ