Model IPT Royalty Agreement
Last updated
Last updated
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.
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.
Duplicate Template: click on template below and download the file.
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.
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.
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.