NFT Digital Art Purchase Agreement
If you’re buying a limited-edition digital creation signed by the creator, upon purchase, you’ll be given the right to use, distribute, and display the creation for non-commercial purposes, you also will need The NFT (Non-Fungible Token) Digital Art Purchase Agreement.
This is a legal document that details the terms and conditions between an Artist and Licensee or Buyer for the rights to create and NFT of Artist’s work.
It covers the essential elements for the license or sale including:
- The Length of Term
- Ownership Rights
- Transfer of Rights
- And More.
Creating an NFT contract ensures that the parties making the agreement will have all the proper terms and conditions laid out in advance of the engagement. Anytime there is a transfer of rights, it is important for you to get a contract in place.
Other Names for this Document:
Non-Fungible Token Digital Art Purchase Agreement, NFT Art License Agreement – Digitalized Non-fungible Token, NFT Digital Art Collection Contract, Digital Art NFT Contract,NFT Purchase contract, NFT Purchase Agreement, NFT Contract.
Single-Use Contract Unless Purchased with a Subscription
What Is It?
The NFT Digital Art Purchase Agreement covers the essential contract terms between an Artist and Licensee or Buyer
- The Length of Term of the Engagement
- The Scope of the Duties of the Artist
- The Artworks and NFT Rights of the Buyer and Artist
- The Compensation for Artist and contingent compensation, if any
- The Rights and Responsibilities of the Parties
- Work-For-Hire Language
- Alternative Dispute Resolution Issues, including Venue & Choice of Law
How to Use This Document
Use this document to explain the relationship between the NFT Artist and the NFT Licensee or Buyer.
Some things needed to build your custom creator contract:
- Names of the Parties
- Addresses of the Parties
- Emails of the Parties
- Term of Service
- Compensation for the NFT Artist
Reading and Other Guides
Other Agreements You May Need:
Packages You May Need: