NFT Owner definition

NFT Owner means the current owner of the NFT that has rightfully acquired the NFT from a legitimate source, where proof of such purchase is recorded on the relevant blockchain.

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NFT Owner. The individual or legal entity that purchases and/or holds the ownership of a certain amount of NFT’s within scope of this Agreement. IPR : Intellectual property rights, including but not limited to; brand names, logos, slogans, software, documentation, methods, know-hows, charts, inventions, applications, models, clubs, social communities, any kind of written or visual contents in all mediums, sales techniques and any other technologies that is owned by Cashflow NFT and or by its Affiliates Receivables : The Company profit remaining after all expenses are deducted. Sale/s : Sale of each NFT within scope of this Agreement

NFT Owner means the current owner of the COLLECTIBLE NFT that has rightfully acquired the COLLECTIBLE NFT from a legitimate source, where proof of such purchase is recorded on the relevant blockchain. If the COLLECTIBLE NFT is owned fractionally by multiple owners, only one entity, who 100% controls the wallet holding the COLLECTIBLE NFT is given the rights under this Agreement. For clarity, any person or entity that only owns a fractional interest in the COLLECTIBLE NFT is not an NFT Owner and is not given any rights to display or use the Work in any way.

Examples of NFT Owner in a sentence

Rightsholder and each NFT Owner shall indemnify and hold each other harmless from any and all claims and costs which arise due to the indemnifying Party’s failure to comply with this section 5 or any other obligation under this Ownership Agreement.
For clarity, each NFT Owner is responsible for claiming the NFT Owner Royalty which it is entitled to.
If a NFT Owner transfers or assigns, or tries to transfer or assign, the Subject NFT in any way contrary to or not in accordance with section 3, and/or fails to comply with section 5.1, Rightsholder and/or AB may suspend any NFT Owner Royalty or any other benefit connected to the Subject NFT to such NFT Owner.
Rightsholder shall procure that AB converts and distributes the NFT Owner Royalty to the current NFT Owner on Rightsholder’s behalf, by either paying it or making it claimable in ETH.
Each NFT Owner is free to transfer or assign the Subject NFT to a third party (hereafter, each such transfer shall be referred to as a “Secondary Sale”).
NFT Owner Royalty shall be payable for as long as the Rightsholder receives DSP Royalties from the Recording.
Shall an NFT Owner fail to comply with any of the conditions outlined in section 1.2, Rightsholder and/or AB is entitled to cancel NFT Owner Royalty to such NFT Owner, until that NFT Owner successfully complies with all conditions.
Rightsholder and AB shall be entitled to deduct from the NFT Owner Royalty any hosting fees, payment processing fees, blockchain gas fees, conversion fees, taxes and other governmental charges incurred in connection with the Subject NFT and the distribution of DSP Royalties.
Neither AB nor the Rightsholder is responsible for costs incurred by delayed payments or any technology problems with the blockchain; and That neither AB or the Rightsholder is responsible for the influence of any legislation or the impact that future amendments of laws and other regulations may have on the Subject NFT and the NFT Owner Royalty.
Payment of the NFT Owner Royalty is subject to AB’s receipt of DSP Royalties from the Rightsholder and/or its distributors pursuant to the AB Agreement, meaning have AB not received any DSP Royalties from the Rightsholder and/or its distributors for a specific half-year period, there will be no payable or claimable NFT Owner Royalty from that half-year period.

More Definitions of NFT Owner

NFT Owner means a User owning an NFT. “Parent” means the legal guardian of any minor User. “Purchased NFT” means an NFT owned by a User. “Qualifying Transaction” means a transaction made by NFT Owner to sell her/his NFT on a consumer-to-consumer basis or on any secondary marketplace, where proof of such purchase is recorded on the relevant blockchain. “Royalty” means the amount payable by NFT Owner to Service Provider on each Qualifying Transaction. “User” means any natural person or legal person using the Website with a full legal capacity.