Commercial License

NFTCryptoNomads User License Agreement

This License Agreement ("Agreement") is established by and between NFTCryptoNomads ("Licensor"), and the individual or entity ("Licensee") who has lawfully purchased a Non-Fungible Token ("NFT") from the NFTCryptoNomads collection ("Product").

1. Ownership

(a) Licensee Ownership of Crypto Nomads NFT. Ownership of a digital wallet that encompasses a Crypto Nomads NFT permits the Licensee exclusive rights to hold, sell, transfer, and conduct blockchain operations involving the said Crypto Nomads NFT.

(b) Licensor Ownership of Intellectual Property in Crypto Nomads Art. Licensor retains comprehensive rights, title, and interest to the Crypto Nomads Art, which includes all copyrights, trademarks, and other intellectual property rights ("IP"). The Licensee is granted a License (as defined below) to utilize the Crypto Nomads Art associated with their Crypto Nomads NFT as long as the Licensee retains ownership of their Crypto Nomads NFT.

(c) Licensee Ownership of Intellectual Property in Derivative Crypto Nomads Works. Between the Licensee and Licensor, the Licensee owns comprehensive rights, title, and interest in any derivative work based upon their Crypto Nomads Art created during the License Term.

2. License

(a) Grant of License. Subject to the Licensee's acceptance and adherence to these terms, Licensor provides an exclusive, worldwide, royalty-free, and sublicensable license to the Licensee. This license is valid for the duration of the Licensee's ownership of the Crypto Nomads NFT (the “License Term”). It permits the Licensee to reproduce, distribute, prepare derivative works, publicly display, publicly perform, transmit, and otherwise use and exploit the associated Crypto Nomads Art (“License”).

(b) License Limitations and Reservations.

i. The License is exclusive to the Crypto Nomads Art associated with the Licensee's NFT. It permits the creation and exploitation of Derivative Crypto Nomads Works but does not extend rights to individual elements of the Crypto Nomads Art.

ii. The License does not confer any rights to Licensor’s trade names, brands, trade dress, or trademarks, which are expressly retained by Licensor.

iii. Any applications to register a trademark in the Licensee's Crypto Nomads Art must occur within the License Term.

iv. The Licensee is prohibited from using their Crypto Nomads Art in a manner that encourages hatred or violence towards individuals or groups based on protected characteristics.

v. Use of the Crypto Nomads Art in violation of applicable laws is prohibited.

vi. All rights not expressly granted within this Agreement are reserved by Licensor.

(c) Termination of License. The License will terminate immediately once the Licensee no longer possesses their Crypto Nomads NFT. All rights conferred to the Licensee under this Agreement will cease upon such termination.

3. Limitation of Liability and Waiver

Upon acquisition of the NFT associated with the Product, the Licensee expressly relinquishes the right to initiate any legal action against the Licensor. The Licensor will not be held liable for any damages, whether direct, indirect, incidental, special, punitive, consequential, or damages for loss of profits, revenue, data, or use, incurred by the Licensee or any third party due to access to, or use of, the Product. Moreover, Licensor holds no responsibility for any events, actions, or consequences that occur during the Licensee's ownership of the NFT.

4. Tax Liability

The Licensor bears no responsibility for any tax liabilities, including those incurred through buying, selling, or transferring the Product. All tax obligations resulting from transactions involving the Product remain the sole responsibility of the Licensee. The Licensee is advised to consult with a tax professional to comprehend fully their tax obligations.

5. Marketing Rights

Licensor reserves the right to utilize images of the Product for purposes including but not limited to marketing objectives, business development, and promotional activities, at its sole discretion.

This Agreement encapsulates the entire understanding between Licensor and Licensee with respect to the subject matter herein. If any provision of this Agreement is deemed invalid or unenforceable, the remaining provisions will continue to be in full force and effect.

By acquiring the NFT associated with the Product, the Licensee consents to the terms and conditions stated within this Agreement.