Nft Collection Contract Template for United States

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Key Requirements PROMPT example:

Nft Collection Contract

"I need an NFT Collection Contract for a gaming-focused collection of 10,000 unique character NFTs launching in March 2025, with specific provisions for secondary market royalties and integration with major gaming platforms."

Document background

The NFT Collection Contract serves as the foundational legal framework for establishing and managing non-fungible token collections in the United States. This contract type is essential when creating and launching NFT collections, whether for digital art, gaming assets, or other digital collectibles. It addresses crucial aspects such as intellectual property rights, revenue distribution, minting processes, and compliance with U.S. federal and state regulations. The document is particularly important given the evolving regulatory landscape surrounding digital assets and blockchain technology in the United States.

Suggested Sections

1. Parties: Identification of contracting parties including creator/owner and platform/marketplace

2. Background: Context of the NFT collection and purpose of the agreement

3. Definitions: Key terms including NFT, smart contract, blockchain, minting, etc.

4. NFT Collection Details: Specifications of the collection including quantity, characteristics, and metadata

5. Intellectual Property Rights: Ownership and licensing terms of the underlying assets

6. Minting Process: Technical specifications and procedures for creating the NFTs

7. Revenue Distribution: Payment terms, royalties, and revenue sharing arrangements

8. Compliance and Regulatory Requirements: Terms ensuring compliance with relevant laws and regulations

9. Term and Termination: Duration of the agreement and conditions for termination

10. Governing Law and Jurisdiction: Applicable law and jurisdiction for dispute resolution

Optional Sections

1. Marketing Rights: Terms for promotion and advertising of the collection, used when promotional activities are planned

2. Exclusivity Provisions: Terms regarding exclusive rights and restrictions, used when exclusive arrangements are required

3. Secondary Market Terms: Rules for resale and secondary market transactions, used when secondary market activity is anticipated

4. Platform Integration: Specific terms for integration with NFT platforms or marketplaces, used when the collection will be listed on specific platforms

5. Community Governance: Terms regarding community involvement and decision-making rights, used when community participation is planned

Suggested Schedules

1. Schedule A - Technical Specifications: Detailed technical requirements and smart contract code

2. Schedule B - Artwork Details: Visual representations and descriptions of the NFT artwork

3. Schedule C - Revenue Models: Detailed breakdown of payment structures and calculations

4. Schedule D - Marketing Guidelines: Specific rules for promotion and brand usage

5. Schedule E - Compliance Checklist: Detailed regulatory compliance requirements and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Digital Art
Gaming
Entertainment
Sports
Fashion

Relevant Teams

Legal
Digital Assets
Technology
Creative
Finance

Relevant Roles

Digital Asset Manager
NFT Project Manager
Legal Counsel
Creative Director
Blockchain Developer

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Let's create your Nft Collection Contract

Authors

Alex Denne

Find the exact document you need

Nft Contract

Nft Sale Contract

Nft Escrow Contract

Nft Proxy Contract

Nft Collection Contract

Download our whitepaper on the future of AI in Legal

Genie’s Security Promise

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