πIP License Agreement
Terms and Conditions of the IP License Agreement
1. Introduction
This page outlines the terms and conditions governing the IP licenses available on 2R2. By purchasing, licensing, or using any artwork through this platform, you agree to adhere to these terms, which are aligned with global intellectual property (IP) legal standards.
2. License Types
2.1 Exhibition License
Rights: Allows public exhibition of the artwork.
Restrictions: Prohibits reproduction, modification, and commercial use.
2.2 Rental License
Rights: Grants exhibition rights and the ability to rent or lease the artwork.
Restrictions: Does not allow for permanent transfer or commercial exploitation.
2.3 Commercial License
Rights: Permits the use of the artwork for advertising, branding, and product reproduction.
Restrictions: Cannot sub-license or resell the license without explicit approval.
2.4 Full License
Rights: Comprehensive rights including exhibition, rental, commercial use, modification, and sub-licensing.
Restrictions: Illegal or harmful use remains prohibited.
3. Rights and Obligations
3.1 Rights of the License Holder
Describes what rights you acquire upon purchasing each type of license.
Explains the scope of usage and limitations specific to each license category.
3.2 Obligations of the License Holder
Details the userβs responsibilities, such as adhering to usage restrictions, proper attribution, and compliance with legal standards.
4. Usage Limitations
4.1 General Prohibitions
Illegal activities, misrepresentation, or any activity that damages the creatorβs reputation.
4.2 License-Specific Restrictions
Each license type has its own set of limitations to ensure the proper use and protection of the artwork. Below are the specific restrictions for each license:
4.2.1 Exhibition License
License holders may display the artwork only in designated exhibitions and related promotional materials. They are prohibited from creating prints, posters, or other merchandise for sale. Any modification or alteration of the artwork is strictly not allowed.
4.2.2 Rental License
The artwork can be rented out or lent to other institutions for temporary displays. However, it cannot be used in long-term leases or converted into products for sale. Derivatives or adaptations of the artwork cannot be made without explicit consent from the original creator.
4.2.3 Commercial License
This license allows for commercial use, such as incorporating the artwork into advertising campaigns, branding, or product designs. However, the license holder cannot sub-license or sell the commercial rights to third parties unless permitted by the agreement. Additionally, the artwork cannot be used in ways that misrepresent or harm the creatorβs reputation, such as in controversial or offensive marketing.
4.2.4 Full License
The most flexible license, allowing full usage rights across exhibitions, rentals, commercial applications, and adaptations. Despite this, the artwork still cannot be used for illegal purposes, or in contexts that promote hate, discrimination, or violate international laws. The license holder must also respect any specific usage limitations set by the creator.
5. Sub-licensing and Transfers
5.1 Sub-licensing
Exhibition & Rentals License: Sub-licensing is not permitted. The license holder cannot grant exhibition or rental rights to third parties.
Commercial License: Sub-licensing is allowed only with explicit written permission from the creator. Unauthorized sub-licensing will result in termination of the license.
Full License: Sub-licensing is permitted, but the license holder must ensure that third parties adhere to the original terms of this agreement.
5.2 Transfers
Exhibition License: Transfers are not allowed. The license is tied to the original buyer and cannot be resold or assigned to another party.
Rental License: Transfer of the license is allowed only with prior written approval from the creator, ensuring the new holder agrees to the same terms.
Commercial License: The license can be transferred to another party, but the original holder must notify the creator and obtain consent. Any transfer without consent is void.
Full License: Transfer is permitted freely, provided the new holder acknowledges and accepts all original terms and conditions.
6. Royalties and Revenue Sharing
6.1 Creator Earnings
Creators earn a percentage of each sale, rental, or commercial use of their artwork, as specified in the license agreement. For example, a creator might receive a 10% royalty fee every time their artwork is rented or resold.
Royalties are automatically tracked and distributed through smart contracts on the blockchain
6.2 Payment Terms
Payments are made in real time, immediately following a sale or other transaction involving the licensed artwork. Any applicable transaction fees will be deducted at the time of payment.
Users are responsible for providing a valid crypto wallet address to receive payments. If there are issues with the provided address, payments may be delayed until resolved.
7. Termination of License
7.1 Grounds for Termination
A license may be terminated if the holder violates any terms of the agreement, such as unauthorized reproduction, illegal use, or failure to pay royalties.
Engaging in activities that misrepresent, damage, or misuse the artwork or the creatorβs reputation can also lead to immediate termination.
Licenses may be revoked if the holder attempts to transfer or sub-license the artwork without proper authorization.
7.2 Effects of Termination
Upon termination, the license holder must immediately cease all use of the artwork, including removing it from any ongoing exhibitions, digital platforms, or commercial products.
Any digital access rights, such as tokens or NFTs associated with the artwork, will be invalidated, and the artwork will no longer be available for use under the terminated license.
The creator reserves the right to pursue legal action and seek damages for any breach of terms that leads to termination.
8. Dispute Resolution
8.1 Mediation and Arbitration
In the event of a dispute regarding the terms of this license agreement, both parties agree to attempt to resolve the issue through mediation first. Mediation will be conducted online or in a neutral location, with a mutually agreed-upon mediator.
If mediation fails, the dispute will be settled through binding arbitration, following the rules set by an internationally recognized arbitration body (e.g., ICC or AAA). The arbitration process will be conducted in English and governed by international IP legal standards.
8.2 Jurisdiction
This agreement, and any disputes or claims arising out of or in connection with it, will be subject to the jurisdiction selected by the platform, ensuring adherence to global IP laws.
In cases where multiple jurisdictions could apply, the parties agree to choose a neutral jurisdiction that is compliant with international intellectual property treaties.
9. Amendments and Updates
9.1 Policy Changes
The platform reserves the right to amend or update these terms and conditions at any time. Changes will be made to ensure compliance with evolving global IP laws and platform policies.
Users will be notified of any significant updates through the platformβs official communication channels, including email and in-app notifications. Continued use of the platform and its licenses after an update constitutes acceptance of the new terms.
Users are encouraged to review these terms periodically to stay informed about their rights and obligations.
10. Contact Information
10.1 Support and Inquiries
For any questions, concerns, or requests regarding the IP license agreements, users can contact our support team via email at info@arttoken.ai or through the live chat feature on the platform.
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