# 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 %}


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://desci-codes.gitbook.io/desci.codes/templates/v1/model-agreements/model-ipt-royalty-agreement.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.