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Art Transfer Agreement

Feral File Art Transfer Agreement

Last Updated: 10-MAR 2026

Definitions

  • Agreement: This Agreement for Transfer of Digital Property and Licensed Work.
  • Artist: The digital artist who created the Work and/or the company to which such digital artist has assigned the Work (or after the initial transfer or distribution of the Work, the right to receive payments associated with the Work) and who is associated with the account on a Public Blockchain from which the NFT Record and Digital Property associated with the Work originates.
  • Associated Information: Information other than the identity and/or elements of a Work placed as part of the Digital Property in a Public Blockchain. The minimum Associated Information for a Digital Property containing a Work is a copy of this Agreement, the price or value for each transfer of the Work, and any commission due to the Artist for each transfer of the Work after the initial transfer to the first Collector.
  • Collector: A recipient (whether an individual or a company) of the License to the Work as documented in the Digital Property and who controls the address on a Public Blockchain to which such Digital Property has been transferred as recorded in the NFT Work.
  • Collector’s Rights Disclosure: The disclosure of any information specific to a Work made available to the Collector prior to the purchase of the Digital Property and License.
  • Digital Property: The identity of a Work and Associated Information recorded together within an NFT Record in a Public Blockchain.
  • Feral File: Feral File Inc., a Wyoming corporation, the owner and operator of Feral File, and Feral File Inc.’s successors-in-interest, transferees, and assignees.
  • License: The license to the Work as set forth in Section 2 of this Agreement.
  • Public Blockchain: A distributed, publicly available registry and ledger system using blockchain technology, which allows holders of an account on such system to create unique records (the NFT Work) to claim access to Works identified in the NFT Work.
  • NFT Record: A unique record created by a Public Blockchain and containing the Digital Property associated with a Work, evidencing its owner’s right to access, download, and display a copy of the associated Work.
  • Sponsor: If applicable, an entity that sponsors an event, acts on behalf of an Artist, and may include certain elements of its intellectual property in a Work.
  • Work: The specific copy of the digital artwork created by the Artist and transferred to the Collector under the terms of this Agreement, identified and/or stored as part of a Digital Property in a Public Blockchain.

Licenses to Work; No Termination

Sponsor and Artist grant the Collector, solely for so long as the Collector owns the corresponding NFT Record, the worldwide, irrevocable, non-exclusive, non-transferable (except to the transferee of Collector’s Digital Property subject to this Agreement), non-sublicensable right to:

  • (a) Install, run (if applicable), reproduce, access, view, and display the Work associated with such NFT Work solely for the Collector’s own personal non-commercial use.
  • (b) If and as permitted by the Artist, install, run (if applicable), and publicly display the Work in accordance with the Artist’s instructions.

The rights above may be sublicensed for a reasonable period to a third party to permit private or public display of the Work, subject to a binding license agreement consistent with this Agreement. The License may be transferred only as a whole and only to a recipient of the Digital Property transferred in accordance with this Agreement and is automatically transferred to such recipient upon the transfer of the Digital Property, as recorded in an NFT Record.

The Artist waives, to the fullest extent permitted under applicable law, any right under any applicable law or regulation to terminate the licenses granted hereunder or any element thereof.

Conditions on Transfer

The Collector receives the transfer of the Digital Property and the License from the Artist or another Collector subject to all the covenants, terms, and conditions set forth herein. The transferring party (whether Artist or Collector) shall deliver or enable the delivery of a copy of the Work to the recipient. By accepting the transfer, the Collector agrees to all covenants, terms, and conditions set forth in this Agreement.

Future Transfers

In the event of any future transfer or conveyance of the Digital Property, the Collector shall:

  1. Record the transfer in an NFT Record in a Public Blockchain and notify the Artist and Feral File.
  2. Pay the parties named in the Collector’s Rights Disclosure a percentage of the Subsequent Transfer Price, within thirty days of the transfer or payment of insurance proceeds.

Upon transfer of the Digital Property:

  • The License is transferred to the transferee Collector.
  • The transferring Collector shall deliver a copy of the Work to the transferee and delete all copies of the Work in their possession.

Subsequent Compensation

The "Subsequent Transfer Price” refers to the actual transfer price or the money value of the consideration if bartered. It must be recorded in the relevant Public Blockchain at the time of the event.

Transferees to Ratify Agreement

The Collector covenants that they will not transfer or convey the Digital Property, License, or Work without procuring the transferee’s ratification of this Agreement.

Provenance

Each transfer of the Digital Property, License, and Work shall be recorded in a Public Blockchain to furnish a definitive provenance and history.

Transferees Bound

Any transferee of the Digital Property, License, or Work shall be bound by the terms of this Agreement and shall fulfill all covenants as set forth herein.

Expiration

This Agreement shall be binding on the parties and their successors until the expiration of the copyright in the Work.

Waivers Not Continuing

Any waiver of a provision or right hereunder shall not be deemed a continuing waiver.

Third-Party Beneficiaries

Each party named as a recipient of payments for display or transfer in the Collector’s Rights Disclosure is a third-party beneficiary of this Agreement.

Governing Law

This Agreement shall be governed by the laws of Wyoming, without giving effect to any choice of law or conflict of laws rules.