1. What We Own
The name and Intellectual Property involved in Merkle Tree NFT project is owned by IBBA Inc. (company, Company, we, We, us, Us). All rights that are not specifically granted to the users and owners of Merkle Tree NFT listed below are reserved by the company. This includes but is not limited to the intellectual property rights surrounding the “Merkle Tree NFT” names, logos, domain name, layered files, traits, designs/art, trademarks, marketing materials, the website, the smart contract code, or anything else not specifically granted by any following licenses.
2. What You Own and What You Can Do With It
By connecting your ETH wallet and claiming NFT, you officially own Merkle Tree NFT.
(a) Personal Use
The Company grants you a non-exclusive royalty-free license to use, copy, display, and modify Merkle Tree NFT image that you own. This usage is granted world-wide.
This usage is for the limited purposes of:
Personal and Non-Commercial Use
Display and usage of your NFT on External Websites
Ability to Buy, Sell, and Trade your NFT
(b) Commercial and Derivative Rights
The Company appreciates your desire to utilize your Merkle Tree NFT in various commercial ways, and is open to you doing just that. The Company grants you a worldwide non-exclusive royalty-free license to use, copy, and display the image in its fullness associated with your purchased NFT for the purpose of creating derivative works based upon that image and commercializing your own merchandise that includes, contains, or consists of that image associated with your purchased NFT. When it comes to commercial rights, we want you as a holder to realize that you must use the full image of the Merkle Tree NFT you own. In another word, licensed use of your Merkle Tree NFT must include its complete Image/Model.
You shall not use any Company Licensed Materials in connection with any material, which is unlawful, fraudulent, libelous, defamatory, obscene, pornographic, profane, threatening, abusive, hateful, offensive or otherwise objectionable or unreasonable or infringing upon any laws or regulations or intellectual property rights or proprietary rights or confidentiality obligations and you shall indemnify and defend the company, against any claims, damages, proceedings, loss or costs arising from such use. You shall not use the Company Licensed Materials in any way that could be construed as being adverse or derogatory to the image of Merkle Tree NFT, or the company, or any of its subjects featured in the NFTs.
The company expressly prohibits the use of any proprietary, individual traits or crafted layers in any and all other projects. The company also prohibits the sale or promotion of counterfeit NFTs or NFT collections.
3. Termination of Licensed Rights
The Licensed Rights shall automatically terminate and all rights shall return to the company if: (a) you make any assignment for the benefit of creditors, file a petition in bankruptcy or are adjudged bankrupt, or become insolvent, or your assets are placed in the hands of a receiver; (b) you engage in any unlawful business practice related to your Merkle Tree NFT; © you breach any of the License Terms and Conditions; or (d) you disparage the company, its affiliates, and their respective officers, directors, members, employees, agents, and/or attorneys.
4. Merkle Tree NFTs are Not Intended as Investments
Merkle Tree NFTs are meant to be a fun Non-Fungible Token for you to collect. They are not meant as investment vehicles. We make absolutely no promise or guarantee that these NFTs will be worth anything more than what you and the market deem the art to be worth. This could very well be zero. We give you our word that we will try to build a community and bring as much intangible value and vibes to the project as we can. You understand that they have no inherent monetary value, and they should be treated as nothing more than a collectible with potential future value or lack thereof.
Merkle Tree NFT project is not targeted towards children. You agree that you are over the age of 18, or above the legal age of your jurisdiction, whichever is greater.
6. These Terms are Subject to Change
We may revise these Terms from time to time, but the most current version will always be on the domain. You are responsible for reviewing and becoming familiar with any such modifications.