Music NFT Participation Agreement

This Agreement (“Agreement”) is entered into by and between:

Creator / Owner: [Crypto Beat Radio (CBR)] (“Creator”), holder of all intellectual property rights to the Music Asset, and

Participant: [                                    / Wallet Holder] (“Participant”), who desires to reserve a revenue participation slot in connection with a Music NFT.

 

Effective Date: [                                ]

 

1. Purpose

The purpose of this Agreement is to define the terms under which Participant will receive a pre-defined share of revenue associated with a Music NFT, while the Creator retains full ownership of all intellectual property and creative rights.

2. Music Asset

  • Title: [                                      ] (Track Name)
  • Description: [                                                                                         ] (Brief description of the beat or song)
  • Creator Ownership: 100% of composition, master, and intellectual property rights remain with the Creator

3. Participation Rights

  • Participant reserves a revenue participation slot representing [10%] of total revenue allocated for early participants.
  • Revenue includes:
    • Primary NFT sales
    • Secondary market royalties
    • Licensing revenue (if applicable)
  • Participant does not acquire copyright, creative control, or governance rights.

4. Smart Contract and Automation

  • Revenue allocations will be enforced via a blockchain smart contract.
  • Wallet addresses provided by Participant will be included in the contract.
  • Revenue will be automatically distributed according to the percentage outlined above

5. Payment and Distribution

  • Payments are made automatically to Participant’s verified wallet address.
  • The Creator is not responsible for delays caused by blockchain network issues or wallet errors.
  • Participant is solely responsible for wallet security.

6. Termination

  • This Agreement terminates if:
    • The NFT is never minted
    • Participant voluntarily withdraws before minting
    • Creator cancels the NFT project (with full notice)

Termination does not retroactively affect revenue already distributed.

7. Representations & Warranties

  • Creator represents they own all rights to the Music Asset.
  • Participant represents they are legally capable of entering into this agreement and controlling the wallet used for revenue distribution.

8. Risk Acknowledgment

  • Participant acknowledges that:
    • NFT values may fluctuate
    • Revenue is not guaranteed
    • Blockchain technology carries inherent risks (e.g., contract bugs, wallet compromise)
  • This model does not constitute investment in securities.

9. Governing Law

  • This Agreement is governed by the laws of [The State Of California].
  • Any disputes will first be attempted to resolve through mediation.

10. Miscellaneous

  • Entire Agreement: This Agreement constitutes the full understanding between parties.
  • Amendments: Any amendment must be in writing and signed by both parties.
  • Severability: If any provision is found invalid, the remainder remains enforceable.

 

 

Participant Signature: ___________________________
Wallet Address: _______________________________
Date: ___________________________

Creator Signature: ___________________________
Date: ___________________________