# Model IPT Membership Agreement

### **About**

This template is an agreement  outlines the rights and responsibilities of individuals or entities (Token Holders) who possess a specific token (referred to as \[IP-NFT symbol]-IPT Token). The agreement establishes terms related to the creation, governance, licensing, and ownership of Intellectual Property (IP) and Future Intellectual Property arising from participation in the agreement.

### **When to use it**

* **Tokenized IP Ecosystem:** Use this agreement when creating or participating in a tokenized ecosystem where NFTs and IP are involved, such as developing unique digital assets or intellectual creations.
* **Membership Governance:** It's suitable for defining governance structures, voting rights, and responsibilities among token holders within the ecosystem.
* **IP Ownership and Licensing:** If you need to clarify ownership rights, access to IP data, and the process for licensing IP generated within the ecosystem

### **How to use it**

1. **Duplicate Template:** click on template below and download the file.
2. **Customize for Your Ecosystem:** Replace \[IP-NFT symbol] with your specific token symbol or naming convention throughout the agreement to reflect your ecosystem accurately.
3. **Define Terms:** Understand and define terms such as Intellectual Property, Confidential Information, Governance, Duty of Care, etc., based on your ecosystem's context.
4. **Identify Parties:** Clearly identify the parties involved - Token Holders, Token Minters, and any other relevant entities.
5. **Review and Agreement:** Ensure all parties review the agreement thoroughly, understand their rights and obligations, and agree to the terms explicitly by ticking the acceptance box provided.

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

### Template 

{% embed url="<https://docs.google.com/document/d/1Iu3ALQzUa8LhIe4LIl972eGTfT296sWZZjGbtN4RbFA/edit>" %}
\[IP-NFT Symbol] IPT Membership Agreement
{% endembed %}


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