What was the problem?
The client coordinates marketing activities for a financial institution and was commissioned to prepare a complex campaign for premium customers. As part of the planned campaign, the financial institution wants to be able to create and sell graphics created for the campaign in the form of NFT (Non Fungible Token) certificates. The subcontractor responsible for preparing the materials for the campaign proposed a contract in which the conditions for granting the rights to create and sell the NFTs raised doubts with the client about whether they were secure.
How did we help the client?
We prepared amendments to the draft agreement with the subcontractor aimed, among other things, at better securing the client’s rights to create and sell NFTs with the graphics created for the campaign.
What did the client gain?
The client avoided the risk of adverse provisions regarding its right to create and sell NFTs. Our revisions included, among other things, the client’s liability rules for any further trading of the NFT certificates by those who purchased them. This is because the original provisions of the agreement introduced an unacceptable level of risk and, in addition, were incompatible with the practical operation of such certificates in the market.
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