article thumbnail

NFT Copyright License Rights: Due Diligence is Critical.

Traverse Legal Blog

An NFT is a Smart Contract, meaning that it embeds specific basic contract terms in the NFT metadata that goes onto the blockchain. That Smart Contract, that token that can have unique data associated with it. On the Kings of Leon NFT sale site, you can identify the owner and other due diligence information.

article thumbnail

Apologies Without Accountability: Canadian Heritage Committee Seeks Answers on Government Funding an Anti-Semite

Michael Geist

The process failure, including the lack of due diligence, can be addressed by fixing the systems and engaging in greater antisemitism education. Indeed, there was no defending the absence of due diligence or the failure to respond quickly once the concern came to light. It is a shame it does not happen more often.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

NFTs: promisingly transformational, yet fraught with IP pitfalls – Part I

Kluwer Copyright Blog

The ‘ Dune’ scenario is a well-known ‘tale of crypto folly’ featuring NFT purchasers who failed to exercise appropriate due diligence in determining what rights are granted when procuring an NFT. Copyright that is transferred upon selling an NFT may explicitly be outlined in the self-executing smart contract governing the sale.

article thumbnail

Central Role of IP and Marketing in Business Design

azrights

It frustrates me that people turn to me when they’re copied, assuming this is the kind of work I’m engaged in doing, when they’ve never consulted me before about their IP. In the 21st century, IP is of central relevance due to shifts in society brought about by digitisation, globalisation, and the internet.

article thumbnail

Establish a Branch Office (BO) / Liaison Office (LO) / Project Office (PO) by the foreign entity in India

IP and Legal Filings

Application for establishment of BO/LO/PO in India may be submitted by the non-resident entity in Form-FNC to the designated AD Category-I bank and the AD Category-I bank after due diligence shall forward a copy of the Form-FNC along With details to the General Manager, Reserve Bank of India, New Delhi for allotment of Unique Identification Number.

article thumbnail

German Federal Court of Justice: Copyright Case Law of 2021 – Part II

Kluwer Copyright Blog

Part I addressed decisions in the areas of scope of protection, exploitation rights, exceptions and limitations, and copyright contract law. The existence of Störerhaftung is also dependent on the violation of reasonable (due diligence) obligations. Part II will cover claims under copyright law and collecting societies.

article thumbnail

Digital collections from GLAM institutions: Policy Paper

Kluwer Copyright Blog

use of indigenous content, model contracts and/or national laws on limitations and exceptions). GLAM, in jurisdictions where digitized copies are copyrightable, should attempt to negotiate the necessary licenses with the initial rights holders to allow exploitation of these images by the public. Proposal 8.