Common use of Resale Royalties Clause in Contracts

Resale Royalties. You additionally acknowledge and agree that there is a resale royalty embedded in this NFT and that the percentage of that resale royalty will be paid out of any amount you receive when you sell or transfer this NFT. If you do not conduct such sale or transfer of this NFT via a marketplace that recognizes these terms and that will automatically send that resale royalty to the Artist, you may be held personally responsible for the amount that should have been paid to the Artist upon resale.