Common use of Illegal Acquisition Clause in Contracts

Illegal Acquisition. If the Artwork is acquired by unauthorized means, such as an unauthorized or unintended transfer to a new cryptocurrency address as the result of hacking, fraud, phishing, conversion, or other unauthorized action, the following terms will apply until such time as the Artwork is returned to its rightful owner: (i) the Ownership Rights will immediately terminate and be deemed suspended; (ii) the Artist will be entitled to withhold recognition of the Artwork as constituting an authentic work of fine art by him; and (iii) the Artist and/or Outland will be entitled to take any and all steps necessary to prevent the Artwork from being sold or traded, including, without limitation, causing the Artwork to be removed from the Outland platform and/or any marketplace or platform where it is listed for sale. Notwithstanding the foregoing, nothing herein will obligate the Artist or Outland to take any action with respect to any unauthorized acquisition or disposition of the Artwork, and neither we nor they will have any liability in this regard.

Illegal Acquisition. If the Artwork is acquired by unauthorized means, such as an unauthorized or unintended transfer to a new cryptocurrency cryptographic address as the result of hacking, fraud, phishing, conversion, or other unauthorized action, the following terms will apply until such time as the Artwork is returned to its rightful owner: (i) the Ownership Rights will immediately terminate and be deemed suspended; (ii) the Artist will be entitled to withhold recognition of the Artwork as constituting an authentic work of fine art by himthe Artist; and (iii) the Artist and/or Outland the Studio will be entitled to take any and all steps necessary to prevent the Artwork from being sold or traded, including, without limitation, causing the Artwork to be removed from the Outland any platform and/or any or marketplace or platform where it is listed for sale. Notwithstanding the foregoing, nothing herein will obligate the Artist or Outland us to take any action with respect to any unauthorized acquisition or disposition of the Artwork, and neither we nor they will have any no liability in this regard.

Illegal Acquisition. If the Artwork is acquired by unauthorized means, such as an unauthorized or unintended transfer to a new cryptocurrency address as the result of hacking, fraud, phishing, conversion, or other unauthorized action, the following terms will apply until such time as the Artwork is returned to its rightful owner: (i) the Ownership Rights will immediately terminate and be deemed suspended; (ii) the Artist will be entitled to withhold recognition of the Artwork as constituting an authentic work of fine art by him; and (iii) the Artist and/or Outland XXXX will be entitled to take any and all steps necessary to prevent the Artwork from being sold or traded, including, without limitation, causing the Artwork to be removed from the Outland GODA platform and/or any marketplace or platform where it is listed for sale. Notwithstanding the foregoing, nothing herein will obligate the Artist or Outland XXXX to take any action with respect to any unauthorized acquisition or disposition of the Artwork, and neither we nor they will have any liability in this regard.