Common use of Your Rights and Obligations Clause in Contracts

Your Rights and Obligations. 9.1 You acknowledge that the NFT represents a digital representation of limited rights in the RWA and does not confer any legal, physical or tangible rights in the RWA. 9.2 You acknowledge that the NFT may be subject to certain restrictions, such as limitations on commercial use, as specified by the Issuer. You agree to comply with any such restrictions. 9.3 You acknowledge that the ownership rights in the NFT are tied to the specified digital RWA or asset as represented by the NFT, for a limited time frame as specified in Exhibit A. 9.4 You shall comply with any restrictions or limitations imposed by the NFT creator/the "Issuer" regarding the transfer or use of the NFT or the RWA. 9.5 You acknowledge that the transfer or use of the NFT may require the use of compatible digital wallets, platforms, or blockchain networks. 9.6 You acknowledge that the NFT may grant certain access rights, privileges, or benefits related to the RWA, as specified by the Issuer. 9.7 You agree to comply with any terms and conditions associated with such access rights, privileges, or benefits. 9.8 You understand & acknowledge that Zoth may have to share basic information with its partners for execution of the transaction. 9.9 You acknowledge that the Issuer may modify or update the features, functionalities, or attributes of the NFT or the associated RWA, and You shall have no claim or right to object to such modifications or updates. 9.10 You represent and warrant that You have the legal capacity to enter into this agreement. 9.11 You represent and warrant that You have conducted appropriate due diligence regarding the NFT, including the RWA, and You are satisfied with the authenticity and legitimacy of the NFT. 9.12 You acknowledge that the Issuer makes no warranties or guarantees regarding the future value, utility, or performance of the NFT or the RWA. 9.13 You acknowledge and accept all risks associated with the ownership, transfer, or use of the NFT, underlying RWA, including but not limited to market volatility, technical issues, regulatory changes, and security breaches. 9.14 You acknowledge that the Issuer shall not be held responsible for any unauthorized use, loss, or theft of the NFT or the RWA or the default by either the asset originator or the seller or the borrower or the payor.

Appears in 2 contracts

Samples: Terms for Purchase of Non Fungible Tokens (Nft), Terms for Purchase of Non Fungible Tokens (Nft)

AutoNDA by SimpleDocs

Your Rights and Obligations. 9.1 You acknowledge that the NFT represents a digital representation of limited rights in the RWA and does not confer any legal, physical or tangible rights in the RWA. 9.2 You acknowledge that the NFT may be subject to certain restrictions, such as limitations on commercial use, as specified by the Issuer. You agree to comply with any such restrictions. 9.3 You acknowledge that the ownership rights in the NFT are tied to the specified digital RWA or asset as represented by the NFT, for a limited time frame as specified in Exhibit A. 9.4 You shall comply with any restrictions or limitations imposed by the NFT creator/the "Issuer" regarding the transfer or use of the NFT or the RWA. 9.5 You acknowledge that the transfer or use of the NFT may require the use of compatible digital wallets, platforms, or blockchain networks. 9.6 You acknowledge that the NFT may grant certain access rights, privileges, or benefits related to the RWA, as specified by the Issuer. 9.7 You agree to comply with any terms and conditions associated with such access rights, privileges, or benefits. 9.8 You understand & acknowledge that Zoth may have to share basic information with its partners for execution of the transaction. 9.9 You acknowledge that the Issuer may modify or update the features, functionalities, or attributes of the NFT or the associated RWA, and You shall have no claim or right to object to such modifications or updates. 9.10 9.9 You represent and warrant that You have the legal capacity to enter into this agreement. 9.11 9.10 You represent and warrant that You have conducted appropriate due diligence regarding the NFT, including the RWA, and You are satisfied with the authenticity and legitimacy of the NFT. 9.12 9.11 You acknowledge that the Issuer makes no warranties or guarantees regarding the future value, utility, or performance of the NFT or the RWA. 9.13 9.12 You acknowledge and accept all risks associated with the ownership, transfer, or use of the NFT, underlying RWA, including but not limited to market volatility, technical issues, regulatory changes, and security breaches. 9.14 9.13 You acknowledge that the Issuer shall not be held responsible for any unauthorized use, loss, or theft of the NFT or the RWA or the default by either the asset originator or the seller or the borrower or the payor.

Appears in 1 contract

Samples: Terms for Purchase of Non Fungible Tokens (Nft)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!