Common use of Modifications and Derivative Works Clause in Contracts

Modifications and Derivative Works. We understand that you may want to create derivative works of the NFT Media (“Your NFT Media Derivatives”) and we allow you to do so under the scope of the license granted above. However, you acknowledge and agree that (a) we may also create our own future derivatives of the NFT Media, (b) the subsequent lawful owner of the Project NFT may create its own derivatives of the NFT Media and (c) other owners of their own Project NFTs and the associated artwork, images, video, content or other works of authorship linked to such Project NFT (“Other Project NFT Media”) may also create their own derivatives of the Other Project NFT Media (each of them “Other NFT Media Derivatives”). These Other NFT Media Derivatives may be similar or identical to Your NFT Media Derivatives. Accordingly, on behalf of yourself and your heirs, successors and assigns, you irrevocably covenant and agree not to assert or bring any suit, claim, demand or challenge against (a) Creator or its past, present and future parents, affiliates or licensees (or any of their partners, members, employees, officers, directors, contractors, agents and equityholders) in connection with their use, distribution, reproduction, display, perform, modification, and creation of derivative works of any NFT Media or any of their own Other NFT Media Derivatives or (b) any other Project NFT owner or its past, present and future parents, affiliates or licensees (or any of their partners, members, employees, officers, directors, contractors, agents and equityholders) in connection with the use, distribution, reproduction, display, perform, modification, and creation of derivative works of the Other Project NFT Media or any of their Other NFT Media Derivatives. The foregoing is the case even if such Other NFT Media or Other NFT Media Derivatives is similar to or the same as any of Your NFT Media Derivatives that have been created by you.

Modifications and Derivative Works. We understand that you may want to create derivative works of the NFT Media (“Your NFT Media Derivatives”) and we allow you to do so under the scope of the license granted above. However, you acknowledge and agree that (a) we may also create our own future derivatives of the NFT Media, (b) the subsequent lawful owner of the Project NFT may create its own derivatives of the NFT Media and (cb) other owners of their own Project NFTs and the associated artwork, images, video, content or other works of authorship linked to such Project NFT (“Other Project NFT Media”) may also create their own derivatives of the Other Project NFT Media (each of them “Other NFT Media Derivatives”). These Other NFT Media Derivatives may be similar or identical to Your NFT Media Derivatives. Accordingly, on behalf of yourself and your heirs, successors and assigns, you irrevocably covenant and agree not to assert or bring any suit, claim, demand or challenge against (a) Creator or its past, present and future parents, affiliates or licensees (or any of their partners, members, employees, officers, directors, contractors, agents and equityholders) in connection with their use, distribution, reproduction, display, perform, modification, and creation of derivative works of any NFT Media prior to the grant of this license or any of their own Other NFT Media Derivatives or (b) any other Project NFT owner or its past, present and future parents, affiliates or licensees (or any of their partners, members, employees, officers, directors, contractors, agents and equityholders) in connection with the use, distribution, reproduction, display, perform, modification, and creation of derivative works of the Other Project NFT Media or any of their Other NFT Media Derivatives. The foregoing is the case even if such Other NFT Media or Other NFT Media Derivatives is similar to or the same as any of Your NFT Media Derivatives that have been created by you.

Modifications and Derivative Works. We understand that you may want to create derivative works of the NFT Collectible Media (“Your NFT Collectible Media Derivatives”) and we allow you to do so under the scope of the license granted above. However, you acknowledge and agree that (a) we may also create our own future derivatives of the NFT Collectible Media, (b) the subsequent lawful owner of the Project NFT Collectible may create its own derivatives of the NFT Collectible Media and (c) other owners of their own Project NFTs Collectibles and the associated artwork, images, video, content or other works of authorship linked to such Project NFT Collectible (“Other Project NFT Collectible Media”) may also create their own derivatives of the Other Project NFT Collectible Media (each of them “Other NFT Collectible Media Derivatives”). These Other NFT Collectible Media Derivatives may be similar or identical to Your NFT Collectible Media Derivatives. Accordingly, on behalf of yourself and your heirs, successors and assigns, you irrevocably covenant and agree not to assert or bring any suit, claim, demand or challenge against (a) Creator or its past, present and future parents, affiliates or licensees (or any of their partners, members, employees, officers, directors, contractors, agents and equityholders) in connection with their use, use distribution, reproduction, display, perform, modification, and creation of derivative works of any NFT Collectible Media or any of their own Other NFT Collectible Media Derivatives or (b) any other Project NFT Collectible owner or its past, present and future parents, affiliates or licensees (or any of their partners, members, employees, officers, directors, contractors, agents and equityholders) in connection with the use, use distribution, reproduction, display, perform, modification, and creation of derivative works of the Other Project NFT Collectible Media or any of their Other NFT Collectible Media Derivatives. The foregoing is the case even if such Other NFT Collectible Media or Other NFT Collectible Media Derivatives is similar to or the same as any of Your NFT Collectible Media Derivatives that have been created by you.