Examples of Purchased NFT in a sentence
The License granted in Section 3 above applies only to the extent that you continue to Own the applicable Purchased NFT.
Upon completion of a Purchase, you will be granted title and ownership of the Purchased NFT, subject to the limitations set forth herein.
If at any time you sell, trade, donate, give away, or otherwise transfer Ownership of your Purchased NFT for any reason, the License granted in Section 3 will immediately be transferred to the new Owner with respect to that NFT as set forth above in Section 3.c. without the requirement of notice, and you will have no further rights in or to the Art associated with that NFT.
While you Own the Purchased NFT, you may sublicense your rights under the License to third parties, but only on condition that such sublicenses shall terminate upon any change in Ownership of the Purchased NFT.
The License granted hereunder is not assignable or transferable except in connection with your sale of the Purchased NFT, and you acknowledge and agree that upon such sale the License shall be transferred by operation of law and the terms of this License to the person or entity to whom you convey Ownership of the Purchased NFT.