What This NFT Commission Agreement Template Covers

The NFT commission agreement template is designed to help artists and creators formalize their commission agreements for digital artwork intended for minting as NFTs. This template includes essential clauses such as Parties, Scope of Work, Compensation, Intellectual Property Rights, Warranties, and Termination. By using this template, artists can ensure that their rights are protected and that they receive fair compensation for their creative work.

When to Use a Digital Artwork Contract

This digital artwork contract is ideal for artists and creators when entering into an agreement with clients for the creation of NFTs. Whether you are a digital artist commissioned to create unique pieces for a collector or a designer working on a project for a brand, this template provides a solid foundation. It is particularly useful when there are specific expectations around the artwork's use and ownership, ensuring clarity for both parties involved.

What's Included in This NFT Creation Agreement Template

• Parties: Clearly identifies the Creator and the Artist, ensuring both parties are recognized in the agreement.
• Scope of Work: Details the specific artwork to be created, including any revisions and deadlines.
• Compensation: Outlines the total payment, upfront amounts, and royalty percentages, ensuring fair compensation.
• Intellectual Property Rights: Specifies the ownership of the created artwork, crucial for NFT minting and resale.
• Warranties: Provides assurances regarding the originality and quality of the artwork.
• Termination: Describes the conditions under which the agreement can be terminated by either party.

Key Provisions of this Intellectual Property Agreement

• Ownership Rights: Clarifies who holds the rights to the artwork, a vital aspect for NFTs.
• Payment Terms: Details payment schedules and methods, reducing disputes over compensation.
• Revision Policy: Establishes the number of revisions allowed, ensuring both parties have clear expectations.
• Governing Law: Indicates which jurisdiction's laws apply, important for legal enforcement.

Disclaimer: This template is for informational purposes only and does not constitute legal advice.