Music Copyright & Royalties
1. Ownership and Intellectual Property
- Artist Ownership: By minting a token on [Insert Site Name], you (the “Creator”) retain all ownership rights to the underlying musical composition and sound recording, unless you explicitly state otherwise in the token’s metadata.
- Token Ownership: A Buyer of your token acquires a digital certificate of ownership representing the music, but they do not acquire the copyright, the right to distribute the music, or the right to perform the work publicly unless a separate license is granted.
- Platform License: By uploading content, you grant [Insert Site Name] a worldwide, non-exclusive, royalty-free license to host, store, and display your music/artwork for the purpose of operating and promoting the platform.
2. Creator Representations & Warranties
When you mint a token, you represent and warrant that:
- You are the sole creator and owner of the music, or you have obtained all necessary written permissions from collaborators (producers, songwriters, featured artists).
- The music does not contain un-cleared samples or infringe upon the intellectual property of any third party.
- The music does not violate any existing recording or publishing contracts you may have.
- Liability: You agree to indemnify and hold [Insert Site Name] harmless from any legal claims or costs arising from a breach of these warranties.
3. Royalty Distributions
- Primary Sales: Revenue from the initial minting/sale of a token will be distributed according to the parameters set in the smart contract, minus platform fees.
- Secondary Royalties: Our platform supports “On-Chain Royalties.” If a token is resold on our marketplace, the Creator may receive a percentage of that sale (e.g., 5-10%).
- Technical Limits: You acknowledge that secondary royalties depend on smart contract compatibility. [Insert Site Name] cannot guarantee royalty payments if the token is traded on external marketplaces that do not honor our smart contract’s royalty standards.
- Not an Investment: Tokens minted on this platform are intended as digital collectibles and fan engagement tools. They are not intended to be “securities” or passive investment vehicles.
4. DMCA & Copyright Takedowns
[Insert Site Name] respects intellectual property rights. If we receive a valid DMCA (Digital Millennium Copyright Act) notice or a credible claim of copyright infringement:
- We reserve the right to delist or hide the token from our marketplace.
- While we cannot delete a token from the blockchain, we will disable its visibility on our interface.
- Repeat offenders will have their account access permanently revoked.
5. Risk Acknowledgment
You acknowledge that the price of tokens is volatile and that the blockchain is a new technology. [Insert Site Name] is not responsible for losses due to smart contract vulnerabilities, wallet hacks, or changes in the regulatory environment regarding digital assets.
Hi there! I’m a bike messenger by day, aspiring actor by night, and this is my website. I live in Los Angeles, have a great dog named Jack, and I like piña coladas. (And gettin’ caught in the rain.)
…or something like this: