> 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/model-agreements/model-ipt-royalty-agreement.md).

# 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.

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

### Template 

{% embed url="<https://docs.google.com/document/d/1vGxR5zY_lt64BJU-PT2ZHoD1VJxFI0FRi82qOVedSKE/edit>" %}
\[IP-NFT Symbol] IPT Royalty Agreement
{% endembed %}