As the owner of one or more Samurai Klimt NFT you have equal rights to use, distribute, and profit from your NFT(s), and all rights over it.
Copyright Agreement between Samurai Klimt (“Author”) and the actual owner (“Owner”) of one or more artworks as NFTs (“Artwork”) of the NFT collection ‘Samurai Klimt.’
This Copyright Agreement (“Agreement”) is made and entered into on the date of the purchase of the Artwork by and between the Author and the Owner.
WHEREAS, the Author has created an original Artwork, and is the copyright owner of this Artwork under the law;
WHEREAS, the Owner has acquired the ownership of the Artwork from the Author or by any other means and is the current owner of the Artwork;
WHEREAS, the Author and the Owner agree upon the rights and obligations of each party with respect to the Artwork;
NOW, THEREFORE, the parties agree as follows:
- Ownership. The Author hereby assigns and transfers to the Owner all right, title, and interest in and to the Artwork, including all copyrights therein.
- Equal rights. The Author and the Owner shall each have equal rights to use, distribute, and profit from the Artwork, subject to the terms of this Agreement.
- Future Sales. The Owner agrees to pay the Author a royalty equal to 10% of the profits from the sale of the Artwork. This point is automatically provided by the blockchain contract of the NFT.
- No Profit Sharing. Notwithstanding anything to the contrary herein, the Author and the Owner shall not share any profits derived from the use or sale of the Artwork, except as provided in Section 3.
- Modifications and Use. The Owner and the Author may modify and use the Artwork as desired.
- No Unauthorized Use. Neither the Author nor the Owner shall use the Artwork in any way that violates the rights of any third party or any applicable law.
- Representations and Warranties. The Author represents and warrants that they are the sole creator of the Artwork and that the Artwork is original and not a copy of any other work. The Owner represents and warrants that they have the authority to enter into this Agreement and that they will not use the Artwork in any way that violates any third-party rights.
- Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the country of residency of the Author, without regard to its conflict of law provisions.
IN WITNESS WHEREOF, the parties will have executed this Agreement as of the date of the purchase of the Artwork; as explained above.