In this section, you must specify whether you have any rights to the Artwork after completing the project. Many “artists” or creators of NFTs keep 5% to 10% royalties on the Artwork, while others completely create it for the company and “sell” their Artwork.
We create original Artwork for this NFT. At the end of the project, we retain:
Artwork licensing rights on the NFT, which means we receive (Percentage)% royalties each time the NFT is sold. These royalties will continue for as long as the NFT exists, no matter its current ownership or its sale status.
No artwork licensing rights on the NFT, which means once we hand it over to [Client.Company], we only retain the right to showcase the token for marketing and portfolio purposes. We also will not receive any royalties when it is resold. However, in turn, a sale of Artwork will apply to the overall project price.
If [Client.Company] provides [Sender.Company] with the applicable Artwork to use for this NFT, then this section is invalid, as [Client.Company] will retain sole licensing rights over that Artwork.
Disclaimers and Liability
Creating an NFT always comes with inherent risks due to the volatile nature of blockchain, cryptocurrencies, and other digital assets. The Client understands that the Sender has no control over the crypto market and cannot guarantee the value of the NFT will remain as it is at the moment of publishing it.
The Sender has no control or influence on the third-party marketplace and so will not be held liable for any problems that arise with the NFT due to its terms and conditions. As such, the Client agrees not to hold the Sender liable for any claims regarding loss, damage, transaction errors, inaccuracies, or other changes that occur due to the terms and conditions of the third-party marketplace.
The Client is also aware of and accepts that NFTs are part of a market that is becoming more regulated in various countries. As such, new regulations can affect their ownership, sale, transfer, or any other right regarding the NFT.