DIGITAL COLLECTIBLE LICENSING AGREEMENT
This Digital Collectible Licensing Agreement (“Agreement”) is made and entered into
as of [Date], (“Effective Date”), by and between:
Stan Corley of House of Goats
(Hereinafter referred to as the “Licensee”)
and
Name As present on agreement
(Hereinafter referred to as the “Licensor”)
(collectively referred to as the “Parties”).
1. DEFINITIONS
1.1 “Digital Collectible” shall refer to the unique digital artwork or item subject to this Agreement, identified by the Collectible Token ID specified in Exhibit A.
1.2 “License” shall refer to the non-exclusive, transferable, worldwide license to use, display, and distribute the Digital Collectible(s) as specified in Section 2.
2. LICENSE GRANT
2.1 Upon purchase of thehouseofgoat.com digital collectibles does not include collaborations, partnerships, music or other digital releases on the house of goat. The wallet holder is granted full IP ownership rights. The licensee grants Licensor a non-exclusive, transferable, worldwide license to use, display, and distribute the Digital Collectible(s) identified by the Collectible Token ID specified in Exhibit A.
2.2 The license granted under this Agreement shall be limited to the specific Digital Collectible(s) identified in Exhibit A and shall be valid for the duration specified in Section 3.
3. TERM AND TERMINATION
3.1 This Agreement shall commence on the Effective Date and shall remain in effect until terminated earlier as provided herein.
3.2 Either Party may terminate this Agreement upon written notice to the other Party in the event of a material breach of any provision of this Agreement by the other Party. Termination shall be effective 30 days after the notice is delivered unless the breaching Party remedies the breach within such period.
3.3 Licensee may OPT out. Thehouseofgoat.com will not use the IP in products from the date notification is received ands all current products removed from the platform. Send a copy of this IP agreement with your signature here _________________________________________ to the contact address at the bottom.
4. COMPENSATION
4.1 In consideration for the License granted herein, Licensee shall pay Licensor the following compensation: minimum 7.5% up to 40% of net sales derived from products that the holders digital collectible is utilized on exclusively the digital collectibles listed herein.
Participation in a group IP pool are paid the designated % for that pool. The percentage (7.5%-40%) is divided among the number of licensors in the pool. This pertains to products that utilize multiple images by design or structure. Single product use cases are awarded to the single IP.
5. OWNERSHIP AND COPYRIGHT
5.1 Licensor represents and warrants that they are the sole and rightful owner of the Digital Collectible(s) and have full authority to grant the License herein.
5.2 Licensor retains all copyright and intellectual property rights in the Digital Collectible(s) except as expressly granted under this Agreement.
6. USE RIGHTS
6.1 Licensee is granted the right to use the Digital Collectible(s) for commercial purposes, including but not limited to the creation, development, and release of products and services. Direct Derivative works are only allowed with written approval from Licensor.
6.2 Licensee is authorized to use the Digital Collectible(s) for logo’g, brand’s, apparel and product design, as well as incorporating them into physical and digital products and services.
6.3 Licensor is permitted to use the Digital Collectible(s) in marketing materials, websites, and promotional materials, including social media and advertising campaigns.
6.4 Licensor reserves the use rights for product creation, development, and release, as well as the use of the Digital Collectible(s) in marketing, websites, and promotional materials. Licensee acknowledges and agrees to distribution of said products at the compensation rates provided herein.
6.5 Licensor agrees not to use the Digital Collectible(s) in connection with hate speech, obscene content, or any other product deemed inappropriate by societal standards or applicable laws.
7. WARRANTIES AND INDEMNIFICATION
7.1 Licensor represents and warrants that they have the right to license the Digital Collectible(s) and that the use of the Digital Collectible(s) by Licensee in accordance with this Agreement will not infringe upon the rights of any third party.
7.2 Licensee agrees to indemnify and hold Licensor harmless from any claims, damages, or liabilities arising out of or related to the use of the Digital Collectible(s) by Licensee in violation of this Agreement or applicable law.
8. CONFIDENTIALITY
8.1 Both Parties agree to treat any confidential information disclosed during the course of this Agreement as confidential and not to disclose it to any third party without prior written consent, except as required by law.
9. ARBITRATION
9.1 Any dispute arising out of or in connection with this Agreement, including its interpretation, validity, performance, or breach, shall be resolved by arbitration in accordance with the rules of the American Arbitration Association.
9.2 The arbitration shall be held in the state of Alabama and conducted by a single arbitrator appointed in accordance with the aforementioned rules. The decision of the arbitrator shall be final and binding upon the Parties.
10. LICENSING TRANSFERS
10.1 Licensee may transfer or sublicense the rights granted under this Agreement to a third party only with the prior written consent of the Licensor. Any such transfer or sublicense shall be subject to the terms and conditions of this Agreement.
11. COLLECTIBLE TOKEN ID AND SMART CONTRACT ADDRESS
11.1 The specific Collectible Token ID and the associated Smart Contract Address for the Digital Collectible(s) licensed under this Agreement are as follows:
As submitted in intake form -1
Licensor may add additional token IDs to Exhibit A. Submissions shall be initialed by contracted holders per update of Exhibit A.
12. GOVERNING LAW
12.1 This Agreement shall be governed by and construed in accordance with the laws of the state of Alabama, without regard to its conflict of laws principles.
13. ENTIRE AGREEMENT
13.1 This Agreement constitutes the entire agreement between the Parties regarding the subject matter hereof and supersedes all prior negotiations, understandings, or agreements, whether oral or written.
IN WITNESS WHEREOF, the Parties have executed this Digital Collectible Licensing Agreement as of the Effective Date.

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