Common use of Developer’s Clause in Contracts

Developer’s. Each Member who makes available a smart contract on the Telos blockchain (a “Developer”) may designate original elements of their contracts as either open source or proprietary code. Each smart contract shall be documented with human-language terms stating the intent of all parties and naming the arbitration forum that will resolve disputes arising from that contract. Developers who designate contracts as proprietary code may claim that code as intellectual property and may initiate arbitration actions against those who violate their control of their intellectual property for restraint and/or restitution.

Appears in 2 contracts

Sources: Operating Agreement, Telos Blockchain Network Operating Agreement