▪️Model IPT Royalty Agreement

About

This template outlines an agreement for holders of a specific IP-NFT, establishing their rights, responsibilities, and the governance structure related to the IP-NFT and any associated royalties.

When to use it

  • IP-NFT Royalty Agreement: When issuing IP-NFTs and establishing royalty rights and governance structures for token holders.

  • Token Holder Responsibilities: When defining the responsibilities and rights of IP-NFT token holders, including governance participation, confidentiality obligations, and royalty entitlements.

  • Risk Acknowledgment: When token holders need to acknowledge and accept risks associated with participation in the IP-NFT project, subject to applicable laws.

How to use it

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

  2. Replace Variables: Replace the placeholder variables like [[IP-NFT symbol]], [[IP-NFT symbol]-IPT Token Holder]], [[IP-NFT symbol]-IPT Token Minter]], etc., with actual names, addresses, dates, percentages, and relevant details as needed.

  3. Fill in Details: Add specific details such as the effective date, percentage of royalties, taxation responsibilities, and any specific governance rules that apply to your situation.

  4. Review and Customize: Carefully review the entire template to ensure it aligns with your specific IP-NFT project, governance model, and legal requirements. Modify any sections to accurately reflect your agreement and situation.

Important Considerations

Template

[IP-NFT Symbol] IPT Royalty Agreement

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