NFT Terms and conditions template
- .docx (0.03 MB)
NFT's are booming and relatively new and since they are secured by the Ethereum block chain, and no one can modify the record of ownership or copy/paste a new NFT into existence, the whole world starts to learn the benefits of them. From small artists to Hollywood megastars, everybody is interested in creating, buying and selling NFT's.
How do you write terms and conditions for NFT sales and purchases?
NFT stands for : "Non-fungible token" which can be best describes as a commercial term for items that are not interchangeable for other items because they have unique properties. Consider art, collectibles, your furniture, a picture image file, or your laptop or even real estate. NFTs are tokens that we can use to represent ownership of unique items. They can only have one official owner at a time and they're secured by the ETH block chain. In theory, the scope for NFTs is anything that is unique that needs provable ownership. Non-fungible tokens are used to create verifiable digital scarcity, as well as digital ownership, and the possibility of asset interoperability across multiple platforms.
If you want to start dealing with NFT's, make sure to create a solid Terms and Conditions (T&C) to arrange the creation, displaying, buying and selling NFTs. This Terms and Conditions of Service arranges the legal agreements between a service provider and a person who of use that service. The person must agree to abide by the Terms of service in order to use the offered service, for example by placing it as a disclaimer to be shown to the visitors of a website.
Some examples of NFTs that exist today:
- Unique digital artwork;
- Unique shoes in a limited edition;
- In-game item;
- Digital collectible;
- Domain name.
The following articles are included in this T&C template:
- Use of the website
- User Content
- Intellectual Property
- Sale by Auction
- Your Ownership of the NFTs
- Data Protection
- Limitation of Services
- Account Closure
- Limitation of Liability
- Amendment and Variation
- Entire Agreement
- Notices and Communications
- Third-Party Rights
- Applicable law and Jurisdiction
Download this sample NFT Terms and conditions template for your reference.
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Bizzlibrary or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
Idell Holland - DEU
I think this document is useful.
Manda Fritz - USA
I think this document is useful.
Rosenda Gamble - NZL
I found the right file and now I bookmarked it and will use it more
Useful for my NFT app
Just started a small NFT market place and this is the best T&C i found
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