> 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-to-corporate-name-llc-inc.md).

# Proposal for Exclusive License/Sale of IP-NFT to \[Corporate Name LLC/Inc]

### **About**

This template outlines a proposal for the exclusive license or sale of an IP-NFT to a specific entity (e.g., corporation). It covers the summary, background, deal proposal, and implementation steps for such a transaction.

### **When to use it:**

* **IP Monetization:** Use this template when your DAO wishes to monetize intellectual property (IP) represented by an IP-NFT through a licensing agreement or outright sale to a corporate entity.
* **Decision Making:** Use it to obtain approval from relevant stakeholders (such as DAO utility token holders) to proceed with the licensing/sale of the IP-NFT.

### **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, the corporate entity involved, details of the agreement, consideration (payment or equity), termination rights (if applicable), and additional terms related to IPT holders' voting power or share sales.
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 (such as DAO utility token 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, authorise the designated DAO core/deal team lead to execute the final agreement. Ensure that all necessary steps for transferring legal title and responsibilities are followed as outlined in the implementation section.

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

### Template 

{% embed url="<https://docs.google.com/document/d/1mKJMNFz9WAOTsSEa7Nj5bTDxlUAbe-wxc281TAd8Dq8/edit>" %}
Proposal for Exclusive License/Sale of IP-NFT to \[Corporate Name LLC/Inc]
{% endembed %}