THIS NFT ART LICENSE AGREEMENT is entered into on 03 April 2025
Between
(1) PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the Artist)
(2) PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the Minter)
Whereas
A. The Artist owns the intellectual property rights and title in the art, brief particulars of which are set out in Schedule 1 ("Art").
B. The Minter wishes to obtain a license to use the Art for the purposes of Creating and Selling a Digitized Token - NFT.
C. The Artist has agreed to grant a licence to the Minter to create an in the Art on the terms and conditions set out in this Agreement.
It Is Agreed as follows:
1. Definitions
1.1 In this Agreement unless the context otherwise requires the following expressions shall have the following meanings:
Commencement Date means the date on which this Agreement shall commence as specified in Schedule 1;
NFT means Non-fungible Token, a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable;
Purpose means the limited purpose set out in Schedule 1, for which the Minter is authorized to use the Art pursuant to this Agreement; and
Schedule means Schedule 1 to this Agreement.
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