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Nft Proxy Contract

Nft Proxy Contract Template for United States

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Key Requirements PROMPT example:

Nft Proxy Contract

"I need an NFT Proxy Contract to delegate management rights for my digital art collection to a professional asset manager, with specific trading parameters and a 15% revenue share agreement, starting March 1, 2025."

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Document background
The NFT Proxy Contract serves as a critical legal framework in the growing digital asset ecosystem, particularly when NFT owners need to delegate management authority to third parties. This document type has become increasingly important with the rise of institutional NFT investment and professional asset management services. The contract, governed by U.S. law, details the scope of delegated authority, security requirements, compliance obligations, and risk allocation between parties. It's essential for ensuring clear accountability and legal protection in NFT management relationships while maintaining compliance with relevant securities and digital asset regulations.
Suggested Sections

1. Parties: Identification of contracting parties, including proxy operator and NFT owner

2. Background: Context of the proxy arrangement and purpose of the contract

3. Definitions: Key terms including NFT, smart contract, proxy rights, and related technical terminology

4. Scope of Proxy Rights: Detailed description of delegated rights and limitations

5. Duration and Termination: Terms of proxy period and conditions for termination

6. Representations and Warranties: Legal assurances from both parties regarding ownership, authority, and compliance

7. Compliance with Laws: Obligations regarding securities laws, AML/KYC requirements, and other regulatory matters

8. Intellectual Property Rights: Protection and handling of IP rights associated with the NFT

9. Liability and Indemnification: Allocation of risks and responsibilities between parties

10. Governing Law and Jurisdiction: Specification of applicable law and dispute resolution mechanisms

Optional Sections

1. Revenue Sharing: Terms for distribution of earnings from NFT-related activities

2. Voting Rights: Delegation of governance rights for NFTs with DAO or governance privileges

3. Insurance and Security: Additional protection measures for high-value NFTs

4. Confidentiality: Terms regarding the protection of confidential information

5. Force Majeure: Provisions for handling circumstances beyond parties' control

Suggested Schedules

1. Schedule A - Technical Specification: Details of the NFT and associated smart contract addresses

2. Schedule B - Fee Schedule: Breakdown of any fees or compensation structures

3. Schedule C - Security Protocols: Technical security measures and procedures

4. Schedule D - KYC/AML Requirements: Compliance documentation requirements and procedures

5. Schedule E - Authorized Representatives: List of authorized individuals who can act on behalf of each party

Authors

Alex Denne

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

alex.den.21@genieai.co
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Industries

Securities Laws: Key federal regulations including Securities Act of 1933, Securities Exchange Act of 1934, SEC guidance on digital assets, and Howey Test considerations for token classification

Intellectual Property Laws: Copyright Act, Digital Millennium Copyright Act (DMCA), trademark laws, and patent laws that may apply to the underlying technology

Smart Contract and Blockchain Regulations: State-specific blockchain laws (e.g., Wyoming's Digital Asset Law), smart contract enforceability laws, and state-specific electronic signature laws

Financial Regulations: Bank Secrecy Act, Anti-Money Laundering (AML) requirements, Know Your Customer (KYC) regulations, and FinCEN guidance on virtual currencies

Consumer Protection Laws: Federal Trade Commission Act, state-specific consumer protection laws, and unfair or deceptive practices regulations

Data Privacy Laws: State-specific privacy laws (e.g., CCPA in California), federal privacy regulations, and data protection requirements

Contract Law: State-specific contract laws, Uniform Commercial Code (UCC), and Electronic Signatures in Global and National Commerce Act (E-SIGN)

Tax Considerations: IRS guidance on virtual currency and NFTs, state tax implications, and capital gains considerations

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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