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Web3IP

A single source of truth showing your NFT property rights

NFT property rights in plain English

Web3IP answers questions like...

Use our free tool to create a license agreement for your web3 collection

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Who is the creator of the NFT?

This is typically a creator-artist (e.g., Bob Doe) or a company (e.g., NiftyMaker LLC)

Creator Name

Creator's Blockchain Address

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Creator website, email address and other contact info

Add a website URL or an email address that you want to include in the License Agreement so that potential purchasers and others can check out the collection/NFT or contact you.

Email

Website

Other

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What type of property do/does the NFT(s) represent? ?

Property type

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Will this License Agreement apply to your entire collection, or just 1 NFT?

Entire Collection

Just 1 NFT

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What is the name of the NFT?

NFT name

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What is the NFT's token ID?

Token ID

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What is the name of the collection?

Collection Name

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Can the general public use your NFT?

Yes, anyone can use the thing I've created.

No. Only people who purchase my thing can use it.

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If someone purchases your NFT, what can they do with it? Select all that apply.

use the artwork in a printed format. For example, if the license agreement allows printed use, the purchaser can use the artwork in a printed format (e.g. in a brochure, on a poster, etc.). If the license agreement does not allow printed use, the purchaser cannot use the artwork in a printed format

use the artwork in a logo or trademark. For example, if the license agreement allows use in a logo or trademark, the purchaser can use the artwork as part of their company logo or trademark. If the license agreement does not allow use in a logo or trademark, the purchaser cannot use the artwork in this manner.

use the artwork in a digital format. For example, if the license agreement allows digital use, the purchaser can use the artwork in a digital format (e.g. on a website, in a digital presentation, etc.). If the license agreement does not allow digital use, the purchaser cannot use the artwork in a digital format.

use the artwork for commercial purposes. For example, if the license agreement allows commercial use, the purchaser can use the artwork in a product, service or business (e.g. on a website, in a brochure, etc.). If the license agreement does not allow commercial use, the purchaser cannot use the artwork in a product, service or business.

use the artwork for advertising purposes. For example, if the license agreement allows advertising use, the purchaser can use the artwork in an advertisement (e.g. in a magazine, on television, etc.). If the license agreement does not allow advertising use, the purchaser cannot use the artwork in an advertisement.

make alterations to the artwork. For example, if the license agreement allows alterations, the purchaser can modify the artwork to fit their needs (e.g. change the color, resize the artwork, etc.). If the license agreement does not allow alterations, the purchaser must use the artwork as is.

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Do you want to be non-exclusive or exclusive?

For example, if the license agreement is non-exclusive, the creator can license the same artwork to multiple parties. If the license agreement is exclusive, the creator can only license the artwork to one party.

Exclusive

Non-Exclusive

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Do you want to require the purchaser to pay any additional fees for the use of the artwork?

For example, if the license agreement requires a royalty fee, the purchaser must pay a fee for each time they use the artwork (e.g. $1 per use, 5% of revenue generated by the use of the artwork, etc.). If the license agreement does not require a royalty fee, the purchaser does not need to pay a fee for each use of the artwork.

Yes, there will be fees.

No, I don't want any royalty fees.

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Do you want to include any restrictions on the use of the artwork by the purchaser?

Yes, there will be restrictions.

No restrictions.

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What is the term of the license agreement (e.g. 1 year, 5 years, perpetual)?

1 year

5 years

Perpetual (doesn't expire)

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Do you want to limit the number of times the artwork can be used by the purchaser?

For example, if the license agreement limits the number of uses, the purchaser can only use the artwork a certain number of times (e.g. 100 times, 500 times, etc.). If the license agreement does not limit the number of uses, the purchaser can use the artwork as many times as they wish.

Yes

No

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Do you want to require the purchaser to submit to a quality control review by the creator?

For example, if the license agreement requires a quality control review, the purchaser must submit their use of the artwork to the creator for review to ensure that it meets the creator's standards. If the license agreement does not require a quality control review, the purchaser does not need to submit their use of the artwork to the creator for review.

Yes

No

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Do you want to require the purchaser to indemnify the creator for any damages or losses resulting from the use of the artwork?

For example, if the license agreement requires indemnification, the purchaser must compensate the creator for any damages or losses that result from their use of the artwork (e.g. if the purchaser uses the artwork in an infringing manner, the purchaser must pay any damages awarded to the creator as a result of the infringement). If the license agreement does not require indemnification, the purchaser does not need to compensate the creator for any damages or losses resulting from their use of the artwork.

Yes

No

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Do you want to include a dispute resolution clause?

For example, if the license agreement includes a dispute resolution clause, the parties agree to resolve any disputes that arise from the license agreement through a specified process (e.g. mediation, arbitration, etc.). If the license agreement does not include a dispute resolution clause, the parties may resolve disputes through the court system.

Yes

No

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Do you want to include any provisions for termination or renewal of the license?

Yes

No

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Will the license agreement be transferable?

For example, if the license agreement is transferable, the purchaser can sell or assign the license to another party. If the license agreement is not transferable, the license cannot be sold or assigned to another party.

Yes

No

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Have you already minted the NFT that this agreement is for?

Yes

No

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What is the mint contract address?

Mint Contract Address

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Your License Agreement is ready.

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We bring clarity, transparency, and simplicity to Web3 IP

Frequently asked questions

If you can’t find what you’re looking for, reach out to us at support@web3ip.app

Is it free to create a License Agreement?

Yes! It is completely free to create a license agreement on web3IP.

What does "chain of custody" mean?

Chain of custody refers to the list of owners of something over time. For example, in the case of an NFT, chain of custody is the record of owners (blockchain addresses) that the NFT is assigned to at any given time.

Who wrote the templates used to create License Agreements on Web3IP?

Our founding team is comprised of lawyers. Our legal team drafted all of our template agreements together with the help of our partners, including law firms and nonprofit legal advocacy groups.

Can I create a license agreement if my collection has already been minted?

Yes. Just like "real world" property, like physical paintings, you can attach a license agreement to your digital property (like NFTs) after they have been initially created.

Should my lawyer review the license agreement I've made?

Yes, you definitely should. While we provide templates to help you get started with addressing common use cases in the web3 industry, you should have your attorney look it over before using it.