> For the complete documentation index, see [llms.txt](https://desci-codes.gitbook.io/desci.codes/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://desci-codes.gitbook.io/desci.codes/templates/v1/governance/proposal-for-exclusive-license-sale-of-ip-nft-and-winding-up-of-ipt-program.md).

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

### **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.

{% hint style="info" %}
Important Considerations
{% endhint %}

### Template 

{% embed url="<https://docs.google.com/document/d/1yzuCkQ-b6XdnvwTF0QUWwTZ7NKbbY6MrIxyv3DQ-Ryg/edit>" %}


---

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