Intellectual Property Consumer Agreement
This Intellectual Property Consumer Agreement (hereinafter referred to as the “Agreement”) is made by and between Dyn Studios and the purchaser of an Incognito (ICON) from Minter (the “Purchaser” or “You” or “Your”). This Agreement becomes effective at the time you purchase an ICON. If you do not agree with any of the terms in this Agreement, your only recourse is to refrain from purchasing an ICON. 1) ICONs. The Minter has created or otherwise obtained all intellectual property rights to various different bases, characteristics, and attributes (each an “Attribute”), which will be randomly combined to create each ICON (for example, earings, eyes, hats, neck, body, face, mouth, and material attributes, and/or the like). No two ICON will comprise the same combination of Attributes. The collection consists of 10,000 randomly generated and unique ICONs living on the Ethereum blockchain as ERC-721 tokens. Ownership includes full intellectual & commercial rights to your specific ICONs.
2) Ownership. You will fully own Your purchased ICONs, as originally provided by Minter (Your “Purchased ICON”). In response to the Purchaser paying the price of a ICON upon initial release, Minter hereby sells, assigns, and transfers to Purchaser all right, title, and interest in and to Your Purchased ICON, and all intellectual property rights solely in the specific, complete combination of all Attributes included in Your Purchased ICON. As Purchaser will understand, one or more Attributes included in Your Purchased ICON will be included in one or more other ICON provided or sold to other purchasers. Accordingly, Purchaser cannot receive, and does not receive, any intellectual property rights in individual Attributes included in the Purchased ICON, or in any combination of Attributes other than the specific, complete combination of all Attributes included in Your Purchased ICON. Therefore, Minter retains all intellectual property rights in each Attribute, and in any combinations thereof, except to the specific, complete combination of all Attributes in Your Purchased ICON conveyed to You herein. 3. ICON Usage. You may use Your Purchased ICON for any lawful purpose. By purchasing an ICON, however, Purchaser agrees not to use the Purchased ICON in a manner depicting or encouraging illegal acts, or that is sexually explicit, libelous, obscene, violent, hateful, or slanderous. 4. Resale. You, of course, may resell or otherwise transfer your ICON to a third-party. By purchasing the ICON from Minter, however, You acknowledge and agree that all terms of this Agreement are binding on any subsequent owner and that you will bind the subsequent owner to all the terms of this Agreement, including this Section 5 (such that the subsequent owner must bind any succeeding owner to the terms of this Agreement, and so on, thus, causing all owners of the purchased ICON to be subject to this Agreement).
5. Miscellaneous. If any provision or any portion of any provision of this Agreement is construed to be illegal, invalid, void, or unenforceable, such provision shall be deemed stricken and deleted from this Agreement to the same extent and effect as if never incorporated herein, but all other provisions of this Agreement shall continue in full force and effect. This Agreement will be binding upon, and will inure to the benefit of, each party and their respective successors and assigns.