HERITOR TERMS & LICENSE
LAST UPDATED Jun 01, 2023
BY ACCEPTING THESE TERMS & AGREEMENT, YOU ARE AGREEING (WITH
LIMITED EXCEPTION) TO RESOLVE ANY DISPUTE BETWEEN YOU AND TOTALITY
THROUGH BINDING, INDIVIDUAL ARBITRATION RATHER THAN IN COURT.
PLEASE REVIEW CAREFULLY BELOW FOR DETAILS REGARDING ARBITRATION.
HOWEVER, IF YOU ARE A RESIDENT OF A JURISDICTION WHERE APPLICABLE
LAW PROHIBITS ARBITRATION OF DISPUTES, THE AGREEMENT TO ARBITRATE
WILL NOT APPLY TO YOU, BUT THE PROVISIONS AND RELEVANT PROVISIONS
OF APPLICABLE LAW WILL STILL APPLY. YOU ALSO WAIVE ANY RIGHT TO
PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS WIDE ARBITRATION.
This Heritor License Terms & License Agreement (this “
Agreement
”) is a legally binding agreement by and between Totality, co. (“
Totality
” or “
us
”), Immersive Contents Studio, and any owner of any Heritor
(defined below) (“
you
” or “
Holder
”), governing the parties’ rights and obligations with respect to
Heritor NFTs and Heritor Art (defined below). Totality and each
Holder may be referred to throughout this Agreement collectively
as the “Parties” or individually as a “Party”. This Agreement
governs the rights and obligations with respect to a Heritor. By
purchasing or otherwise owning a Heritor, you acknowledge that you
have carefully read and agree to the terms of this Agreement.
1. HERITOR DEFINED
“Heritor” refers to a non-fungible, unique token on the Ethereum
blockchain (“NFT”) (i.e., a controllable electronic record on a
blockchain) and that, as of its genesis issuance, contains an
image of Art. “Art” means each of the unique images of the 10,000
“heritor” each associated with, and linked to, an individual
Heritor NFT.
(a)
“
Additional Features
” are any supplementary features, objects, traits, or other
elements that Totality, or third parties authorised by Totality,
make available to be depicted on top of, as a new layer of, to be
situated around, or otherwise to be added to, Heritor Art.
Additional Features may include gear, jewellery, or clothing to be
worn by or displayed on a Heritor, or shapes, objects, creatures
or characters that may surround a Heritor.
(b)
“
Heritor
” is a fictional existence, created and commonly referred to by
Totality as a Heritor, that “roams” in Totality’s metaverse
Heritart & Dimension.
(c)
“
Heritor Art
” is any artwork that the Heritor Smart Contract has at any time
associated with a Heritor NFT, including Original Heritor Art, any
Additional Features, and any Updated Heritor Art.
(d)
“
Heritor NFT
” is a non-fungible token minted by, from or using, the Heritor
Smart Contract.
(e)
“
Heritor Smart Contract
” is a smart contract deployed to the Ethereum blockchain at
address
0xEb4C6f0056a6D9d1BaD296Dd60f1250e7e123593
, or such other smart contract(s) as designated by Totality from
time to time in its sole discretion, including any replacement,
upgrade, or successor smart contract(s) that Totality may
designate in its sole discretion.
(g)
“
Original Heritor Art
” is, with respect to each Heritor NFT, the unique digital artwork
that was associated with such Heritor NFT at the time of minting,
which depicted a Heritor.
(h)
“
Updated Heritor Art
” is Heritor Art as modified by any Additional Features.
(i)
“
Your Heritor Art
” is the Heritor Art that the Heritor Smart Contract associates
with Your Heritor NFT.
(j)
“
Your Heritor NFT
” is the Heritor NFT that the Heritor Smart Contract records as
being owned by your digital wallet.
(k)
“
Your Original Heritor Art
” is the Original Heritor Art that the Heritor Smart Contract
initially associated with Your Heritor NFT and, thereafter, solely
in the form made available to you by Totality.
(l)
“
Your Updated Heritor Art
” is the Updated Heritor Art that the Heritor Smart Contract
associates with Your Heritor NFT.
Heritors may be available for purchase or transfer (i) on one or
more third-party platforms, such as OpenSea, or other marketplaces
that may be established from time to time (each, an “
NFT Marketplace
”), which we do not operate, or (ii) directly from third-party
owners of Heritors (such transactions, “
Direct Sales
”). The access and use of any NFT Marketplace is subject to the
separate terms of that NFT Marketplace and any Direct Sales are
subject to the terms thereof. In addition, although we do not
guarantee that they will, third parties may grant Heritors owners
various entitlements and benefits. If a third party does so, such
entitlements and benefits will be subject to whatever terms are
provided by such third parties. We are not responsible or liable
for any third-party NFT Marketplace, any Direct Sales, or any
third-party entitlements or benefits. You covenant not to sue
Totality based on activities that may occur on such NFT
Marketplaces, any Direct Sales (except Direct Sales for which
Totality is the seller or purchase), due to third-party benefits
or entitlements.
2. OWNERSHIP
(a)
You Own Your Heritor NFT. You hold the exclusive right to hold,
sell, transfer, and execute blockchain transactions involving Your
Heritor NFT. Except for the Heritor NFTs we own, Totality has no
right or ability to seize, freeze, or otherwise modify the
ownership of any Heritor NFT without authorisation from the
Holder; provided, the foregoing shall not restrict Totality’s
right to modify the Heritor Art.
(b)
We Own (but License to You) the IP in Heritor Art. As between you
and Totality, Totality owns all rights, title, and interest in and
to the Heritor Art, including any and all copyrights, trademarks,
and other intellectual property rights therein (“IP”). However, as
set forth below, we grant you a license to use certain of Your
Heritor Art for as long as you hold Your Heritor NFT.
(c)
Purchaser may freely sell or otherwise transfer its Heritor
consistent with Holder’s rights in such Heritor as defined in this
Agreement (e.g., posting a sales listing on an NFT Marketplace, by
Direct Sale, or otherwise) (a “Permitted Transfer”), so long as
the Transferee (as defined below) is not (i) located in a country
that is subject to a U.S. Government embargo, or that has been
designated by the U.S. Government as a terrorist-supporting
country; or (ii) listed on any U.S. Government list of prohibited
or restricted parties (a “Prohibited Transferee”). Purchaser
represents and warrants that it is not and will not transfer a
Heritor to a Prohibited Transferee.
(d)
You Own the IP in Your Derivative Works. As between you and
Totality, you own all rights, title and interest in and to any
“derivative work,” as defined by the United States Copyright Act,
based upon Your Original Heritor Art that is created in strict
compliance with these Terms (including, but not limited to,
Section 3(b)) (“Derivative Work”); provided, however, that (i) we
retain the copyright in the Original Heritor Art underlying any
Derivative Work; (ii) your use of any Derivative Work during and
after the License Term (defined below) is subject to these Terms
(including the license/reservation of rights in Section 3(b));
(iii) your use of any Derivative Work after the License Term may
require a license from the current owner of the Heritor NFT; and
(iv) the creation and possession of your Derivative Work complies
in all respects with these Terms.
(e)
Utility. Holders of a Heritor NFT may be offered certain utility,
benefits, or entitlements (collectively, “Utility”) from time to
time, but these Terms do not confer any Utility except for the
rights granted under the license below. Totality makes no
assurances of any Utility. Any Utility may be subject to other
terms and conditions. Totality will not be responsible in any
manner for any Utility offered, or proposed to be offered by, any
third party.
3. LICENSE
(a) Non-Commercial License to the Art.
Subject to your compliance with this Agreement, Totality hereby
grants to you, for so long as you own a Heritor (as recorded on
the relevant blockchain), a non-exclusive, worldwide,
royalty-free, revocable license, with no right to sublicense, to
use, copy, and display the Art linked to your purchased Heritor
solely for the following purposes: (i) for your own personal,
non-commercial use (e.g., home display, display in a virtual
gallery, or as a social media avatar), including to create a
reasonable number of back-up copies and a physical print out, each
to be retained only for so long as you own the associated Heritor;
and (ii) as part of a Totality’s or third party’s website or
application that permits the inclusion, involvement, or
participation of your Heritor, provided that the
website/application cryptographically verifies that only the
actual owner can display the Art, and the Art is no longer visible
once the owner of the Heritor leaves the website/application.
(b) Full Commercial License to the Art.
In addition, subject to your compliance with this Agreement,
Totality hereby grants to you, for so long as you own a Heritor
(as recorded on the relevant blockchain), an exclusive,
royalty-free, worldwide, revocable license, with the right to
sublicense, to use, copy, distribute, create derivative works of
(subject to the below), and display the Art linked to your
purchased Heritor for Commercial Purposes. “Commercial Purposes”
means the use of the Art for all lawful commercial purposes,
whether known now or created in the future. Such purposes may
include merchandising, inclusion in physical or digital media, or
display in “metaverses” or other interactive digital environments.
You will have the right to retain all revenue that you generate
through your exercise of your rights under this Section.
(c) Restrictions and Reservations.
Without limiting Sections 2(a)(i) and (ii), the above licenses
extend only to Your Original Heritor Art and Your Updated Heritor
Art, in each case, in their entirety. This means, in each case,
the complete selection, arrangement, and composition of all base
layers, traits, features, attributes, and other elements that
comprise Your Original Heritor Art and Your Updated Heritor Art,
as applicable. Thus, for the avoidance of doubt, while the
Commercial License allows you to create and exploit Derivative
Works, the Commercial License does not grant you rights in any
individual layer, trait, feature, attribute, or other element of
Your Original Heritor Art. For example, the Commercial License
allows you to create three-dimensional renderings of, and to add
new original clothing or accessories to, Your Original Heritor
Art, but does not allow you to extract individual features (e.g.,
body features, accessories) for use in a separate work, or to
include or add any Additional Features into such three-dimensional
rendering. Nothing herein grants you any rights in or to
Totality’s or any third party’s trade names, brands, logos, trade
dress, or trademarks (e.g., “Totality,” “Heritor,” “Heritart,”),
all of which are, as between you and Totality, expressly owned and
reserved by Totality or its licensors (collectively, “Totality TM
Rights”). You hereby agree that any Totality TM Rights you purport
to acquire, together with any associated goodwill, shall
automatically, immediately, and at your expense be assigned to
Totality or its licensors (as applicable). Any application to
register a trademark for Your Original Heritor Art must occur
during the License Term and be based solely upon the actual use of
Your Original Heritor Art in commerce and solely for the goods or
services in connection with which Your Original Heritor Art has
actually been used in commerce in the applicable jurisdiction as
of the date of the application. Thus, you may not seek to register
a trademark in Your Original Heritor Art on an “intent to use”
basis or where you otherwise have not used Your Original Heritor
Art in commerce. You may not use Your Original Heritor Art or Your
Updated Heritor Art in a manner that expresses hate or encourages
violence towards a person or group based on membership in a
protected class, such as race, religion, gender, orientation, or
disability. You may not use Your Original Heritor Art or Your
Updated Koda Art in a manner that violates applicable law. All
rights not expressly granted herein are reserved by us.
(d) Derivative Works.
Your rights also include the right to create derivative works of
the Art to depict the character depicted in the Heritor that you
own in goods or media by, for example, showing their full body or
back, or reformatting the relevant Art for a particular medium.
You may also modify the Art to create minor variations in the
appearance or clothing, but such rights do not include the right
to create characters substantially or confusingly similar to
Heritors that you do not own.
(e) Protection.
You will have the right to procure registration or other
intellectual property protection in the works that you create in
exercising your license to the Art linked to your Heritor in a
manner that complies with the terms of this Agreement, including
that Totality retains ownership of the underlying Art. However,
you must and hereby do agree to transfer any such registration or
other protection in connection with a Permitted Transfer of your
Heritor, unless you expressly agree otherwise in writing with the
Transferee.
(f) Name and Trademarks.
As provided in Section 5(c), no trademark rights are granted to
you by Totality. However, you may acquire trademark rights
yourself in your Heritor (which, for avoidance of doubt, do not
include rights to the “Heritor” trademark) through the exercise of
your license rights above in accordance with, and subject to,
applicable law. Any trademark rights that you acquire, and the
associated goodwill, will transfer in connection with a Permitted
Transfer of your Heritor unless you expressly agree otherwise in
writing with the Transferee.
(g) Transfer.
The licenses in Section 4 are non-transferrable, except that they
will automatically transfer in connection with a Permitted
Transfer of your Heritor.
(h) License Back to Totality.
You agree to grant, and hereby grant, to Totality an irrevocable,
perpetual, non-exclusive, universe-wide, royalty-free,
sub-licensable license to reproduce, distribute, publicly display,
publicly perform, transmit, and otherwise use and exploit Your
Original Heritor Art for the purpose of (i) promoting or
exhibiting Heritart or the Heritor NFT collection; (ii) creating,
and authorising third parties to create, avatars, characters, and
other objects based on Your Heritor Art designed for use in one or
more metaverse or other digital environments or applications;
(iii) offering any Additional Features and/or Successor Heritor
NFTs.
4. RESERVATION OF RIGHTS.
(a) General
All rights in and to the Art not expressly provided for in this
Agreement are hereby reserved by Totality. The Art is licensed,
not sold. Totality owns and will retain all title, interest,
ownership rights and intellectual property rights in and to the
Art.
(b) Limitations
Without limitation of Section 5(a) above, the license in Section
4(b) does not include: (i) the right to use the Art to create
non-fungible tokens or other digital items accounted for on a
distributed ledger; (ii) the right to create derivative works of
the Art, except as expressly provided herein; or (iii) the right
to use the Heritor or the Art to create, or as the basis of, any
token or digital items accounted for or recorded on a distributed
ledger, including, but not limited to, any token or digital items
accounted for or recorded on a distributed ledger that represent
(A) an ownership interest in the Heritor, or (B) any right that is
convertible for, exchangeable into, or exercisable for, any right,
title or interest in or to the Heritor or the Art.
(c) No Rights to Trademarks
For avoidance of doubt, the licenses in Section 4 do not include
the right to use any Totality’s trademarks (e.g., Heritor,
Heritart and Totality). No trademark or other rights based on
designation of source or origin are licensed to you.
Notwithstanding the foregoing, to the extent you acquire any
rights to any Totality’s trademarks, in consideration for the
licenses granted pursuant to Section 4(b), you hereby assign to
Totality all rights, title, and interest in and to such
trademarks, together with all associated goodwill.
(d) Disputes Among Owners
Totality has no obligation to support the resolution of or to
resolve any dispute that may arise between or among Heritor
owners.
(e) Clarification
Totality reserves the right, but has no obligation, to clarify the
terms of this Agreement in relation to novel or unforeseen
circumstances in its sole and exclusive discretion. If Totality
issues or provides any clarification about the terms of this
Agreement, such clarification will be binding on the Holders, and
Holders hereby waives any right that Holder may have to dispute it
in any manner.
4. ENFORCEMENT
(a) Copyright Notices
You may include the following copyright notice with Your Heritor
Art: “Heritors © 2022 Totality”, which Totality may update from
time to time (the “Totality Copyright Notice”). Subject to your
compliance with this Agreement, you may include a copyright notice
identifying you, or such other person you designate, as the
copyright owner of any Derivative Work created during the
Commercial License Term, provided that you also include the
Totality Copyright Notice.
(b) Copyright Registrations
If you apply to obtain a copyright registration in a Derivative
Work, you may identify you or such other person you designate as
the copyright owner of such Derivative Work, but must in all cases
identify Your Original Heritor Art as a preexisting work upon
which the Derivative Work is based.
(c) Actions
To the extent applicable law authorises you to bring a claim for
infringement based upon the unauthorised use of Your Original
Heritor Art, you agree that: (i) any such claim shall be based
solely upon the unauthorised use of Your Original Heritor Art, not
other Heritor Art—for example, on the ground that other Heritor
Art is substantially similar to Your Original Heritor Art; and
(ii) Totality may, in its sole discretion, join and, unless it
would materially prejudice your rights, elect to take over the
control of the prosecution of, any such action.
(d) Disputes Among Holders
Totality has no obligation to support the resolution of, or
resolve any, dispute that may arise between Heritor NFT holders.
5. TRANSFERS
You hereby agree that all subsequent transactions involving your
Heritor are subject to the following terms:
[No Decoupling]
Except as expressly provided herein, ownership of a Heritor NFT
and the applicable Personal License or Commercial License are not
separable in any way. You may not engage in any transaction or
activity that purports to decouple the applicable Personal License
or Commercial License from Your Heritor NFT.
[Termination of License]
Upon the transfer of Your Heritor NFT to a new Holder, as recorded
by the Heritor Smart Contract: (i) your Personal License and
Commercial License, including any sub-licenses granted thereunder,
shall immediately and automatically terminate; (ii) you must
discontinue any use of Your Original Heritor Art as a trademark or
other source identifier; and (iii) any trademark and corresponding
registration obtained in connection with your exercise of the
Commercial License shall be deemed abandoned unless duly
transferred to the new Holder under a separately negotiated
written agreement.
[Published Works]
If, during the License Term, you create and make available to the
public a work using Your Original Heritor Art (a “Published
Work”), you may, except as set forth in Section 5(c), continue to
use and exploit that Published Work in accordance with these Terms
after the License Term; provided, however, that: (i) you will be
responsible for any obligations or liabilities arising from your
continued use of the Published Work after the License Term; and
(ii) this privilege does not allow you to use the Original Heritor
Art to create any new works or materials after the License Term.
Thus, for example:
A digital series featuring Your Original Heritor Art that was
released during the License Term may continue to run after the
License Term, but any creation or distribution of any new episodes
featuring such Original Heritor Art would require a license from
the new Holder.
After the License Term, you may sell off existing (at the time of
transfer) inventories of merchandise featuring Your Original
Heritor Art that were created and offered for sale during the
License Term, but the creation or distribution of any new
merchandise or inventory featuring the Original Heritor Art would
require a license from the new Holder.
[Successor Heritor NFTs]
From time to time and in Totality’s sole discretion, you may be
offered the opportunity and option to mint, claim, or otherwise
receive a replacement or substitute non-fungible token to be Your
Heritor NFT (i.e., a non-fungible token that will be associated
with Your Updated Heritor Art) (a “Successor Heritor NFT”). For
the avoidance of doubt, Your Heritor NFT will not become a
Successor Heritor NFT solely by way of the addition or inclusion
of Additional Features with respect to Your Updated Heritor Art.
In connection with, and to be eligible for the mint, claim,
receipt or redemption of, the Successor Heritor NFT to Your
Heritor NFT, you will be required to agree to any and all
additional terms and conditions associated with such mint, claim,
receipt or redemption, including but not limited to the burning of
Your Heritor NFT then-existing, as Totality shall determine and
communicate to you from time to time. You may not be obligated to
mint, claim, receive or redeem a Successor Heritor NFT, but if you
do, you agree to continue to be subject and bound by these Terms
(or new terms that Totality may designate in its sole discretion)
with respect to your Successor Heritor NFT.
(a)
the Heritor transferee (the “Transferee”) shall, by purchasing,
accepting, accessing or otherwise using the Koda or Art, be deemed
to accept all of the terms of this Agreement as a “Holder” hereof;
(b)
the Heritor transferor (the “Transferor”) shall provide notice to
the Transferee of this Agreement, including a link or other method
by which the terms of this Agreement can be accessed by the
Transferee. Purchaser further acknowledges and agrees that all
subsequent transactions involving your Heritor will be effected on
the blockchain network governing the Heritor, and Holder will be
required to make or receive payments exclusively through Holder’s
cryptocurrency wallet;
(c)
the Transferor shall pay or cause to be paid to Totality amount
equal to 5% of the total purchase price for the Heritor in
connection with the transaction between the Transferor and the
Transferee (the “Royalty Payment”), which Royalty Payment shall be
paid on the same terms and at the same time as the Transferor is
paid by the Transferee. You acknowledge and agree that the Royalty
Payment; and
(d) each such subsequent transaction shall be effected on the
Ethereum blockchain. For the avoidance of doubt, you (as
Transferor) and all subsequent Transferees (to the extent they are
Transferors) are responsible for paying each Royalty Payment to
the extent such Royalty Payment is not automatically paid as a
result of the operation of the smart contract related to the
Heritor.
7. TOTALITY’S RIGHTS AND OBLIGATIONS TO THE ART.
Totality is not responsible for the ultimate rendering of the Art.
6. PURCHASER/HOLDER’S REPRESENTATIONS AND WARRANTIES
Holder represents and warrants that Holder:
(a)
is over the age of majority in Holder’s place of residence (which
is typically 18 years of age) and has the legal capacity to enter
into these Terms & Agreements;
(b)
will only use and interact with any Heritor NFT and Heritor Art
for lawful purposes and in accordance with this Agreement;
(c)
will not use the Heritor or Art to violate any law, regulation or
ordinance or any right of Totality, its licensors, or any third
party, including without limitation, any right of privacy,
publicity, copyright, trademark, or patent. Holder further
represents and warrants that Holder will comply with all
applicable law in the exercise of its rights and obligations under
this Agreement.
(d)
is not, and will not, execute a transaction involving a Heritor
NFT with any person who is,
(i)
located in a country that is subject to a U.S. Government embargo,
or that has been designated by the U.S. Government as a
terrorist-supporting country; or (ii) listed on any U.S.
Government list of prohibited or restricted parties; and
(e)
has and will have all rights necessary to grant to Totality the
license set forth in Section 3(c)
7. WARRANTY DISCLAIMERS
(a)
EACH OF THE KODA SMART CONTRACT, KODA NFT AND KODA ART IS PROVIDED
OR MADE ACCESSIBLE “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTY OF
ANY KIND. WITHOUT LIMITING THE FOREGOING, YUGA LABS EXPLICITLY
DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING,
WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT, AND
NON-INFRINGEMENT, AND ANY WARRANTIES ARISING OUT OF COURSE OF
DEALING OR USAGE OF TRADE.
(b)
EACH KODA NFT IS AN INTANGIBLE DIGITAL ASSET THAT EXISTS ONLY BY
VIRTUE OF THE OWNERSHIP RECORD MAINTAINED ON THE ETHEREUM
BLOCKCHAIN. ANY TRANSFER OF OWNERSHIP THAT MIGHT OCCUR IN ANY KODA
NFT OCCURS ON THE DECENTRALISED LEDGER WITHIN THE ETHEREUM
BLOCKCHAIN, WHICH YUGA LABS DOES NOT CONTROL.
(c)
YUGA LABS MAKES NO WARRANTY THAT ANY KODA WILL MEET PURCHASER’S
REQUIREMENTS, BE CONTINUALLY DISPLAYED, OR BE AVAILABLE ON AN
UNINTERRUPTED, SECURE, OR ERROR-FREE BASIS. YUGA LABS MAKES NO
WARRANTY REGARDING THE QUALITY, ACCURACY, TIMELINESS,
TRUTHFULNESS, COMPLETENESS, OR RELIABILITY OF ANY INFORMATION OR
CONTENT MADE AVAILABLE WITH RESPECT TO ANY KODA.
(d)
YUGA LABS WILL NOT BE RESPONSIBLE OR LIABLE TO HOLDER FOR ANY LOSS
IN CONNECTION WITH ANY KODA SMART CONTRACT, KODA NFT OR KODA ART
AND TAKES NO RESPONSIBILITY FOR, AND WILL NOT BE LIABLE TO HOLDER
FOR, ANY USE OF OR INABILITY TO ACCESS OR USE THE KODA SMART
CONTRACT, ANY KODA NFT OR KODA ART, INCLUDING BUT NOT LIMITED TO
ANY LOSSES, DAMAGES, OR CLAIMS ARISING FROM: (I) USER ERROR SUCH
AS FORGOTTEN PASSWORDS OR SEED PHRASES, INCORRECTLY CONSTRUCTED
TRANSACTIONS, OR MISTYPED WALLET ADDRESSES; (II) THE BEHAVIOUR OR
OUTPUT OF ANY SOFTWARE OR HARDWARE, NODE SERVER ERROR OR FAILURE,
OR DATA LOSS OR CORRUPTION; (III) DATA LOSS OR CORRUPTION; (IV)
ANY FEATURES, DEVELOPMENT, ERRORS, OR OTHER ISSUES WITH BLOCKCHAIN
NETWORKS OR DIGITAL WALLETS; (V) UNAUTHORISED ACCESS TO ANY KODA
NFT OR KODA ART; OR (VI) ANY THIRD PARTY ACTIVITIES, INCLUDING
WITHOUT LIMITATION, THE USE OF VIRUSES, PHISHING, BRUTE FORCING OR
OTHER MEANS OF ATTACK.
(e)
EACH KODA IS AN INTANGIBLE DIGITAL ASSET THAT EXISTS ONLY BY
VIRTUE OF THE OWNERSHIP RECORD MAINTAINED ON THE ETHEREUM
BLOCKCHAIN. ANY TRANSFER OF TITLE THAT MIGHT OCCUR IN ANY UNIQUE
DIGITAL ASSET OCCURS ON THE DECENTRALISED LEDGER WITHIN THE
ETHEREUM BLOCKCHAIN, WHICH YUGA LABS DOES NOT CONTROL. YUGA LABS
DOES NOT GUARANTEE THAT YUGA LABS CAN EFFECT THE TRANSFER OF TITLE
OR RIGHT IN ANY KODA. PURCHASER BEARS FULL RESPONSIBILITY FOR
VERIFYING THE IDENTITY, LEGITIMACY, AND AUTHENTICITY OF ASSETS.
NOTWITHSTANDING INDICATORS AND MESSAGES THAT SUGGEST VERIFICATION,
YUGA LABS MAKES NO CLAIMS ABOUT THE IDENTITY, LEGITIMACY, OR
AUTHENTICITY OF ASSETS.
(f)
EXCEPT AS OTHERWISE AGREED BETWEEN YUGA LABS AND YOU SEPARATE AND
APART FROM THESE TERMS, YUGA LABS WILL NOT BE RESPONSIBLE TO ANY
HOLDER FOR ANY LOSS IN CONNECTION WITH ADDITIONAL FEATURES OR
UPDATED KODA ART, IRRESPECTIVE OF WHETHER ANY SUCH MODIFICATION,
OR IF NO MODIFICATION, OCCURS.
(g)
YUGA LABS WILL NOT BE RESPONSIBLE TO ANY HOLDER FOR ANY LOSS IN
CONNECTION WITH ANY SUCCESSOR KODA NFT OR OTHER REPLACEMENT OR
UPDATE TO YOUR KODA NFT OR IF NO REPLACEMENT OR UPGRADE OCCURS.
(h)
SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED
WARRANTIES IN CONSUMER CONTRACTS, SO THE ABOVE EXCLUSION MAY NOT
APPLY TO YOU.
8. ASSUMPTION OF RISK
Holder accepts and acknowledges all risks associated with the
following:
(a)
The disclaimers in Section 9 above;
(b)
Heritor NFTs, and Heritor Art subject to the Commercial License,
may be used in a variety of ways. While we strongly encourage
transparency, communication, and research prior to acquiring a
Heritor NFT, including to understand what previous and existing
uses have been made of the Heritor NFT and Heritor Art and how
those uses may affect value, any purchase of a Heritor NFT is at
the purchaser’s own risk. Totality is not responsible for
verifying or providing information on how a Heritor NFT or its
Heritor Art have been exploited. Additional documentation from a
Heritor NFT holder may be necessary or prudent.
(c)
Totality is not responsible for determining or paying any taxes
that apply to any Holder’s purchase, sale, transfer, or
exploitation of rights in each Heritor NFT. As between the
parties, Holder is responsible for determining what, if any, taxes
apply to such transactions.
(d)
Transactions involving Heritor NFTs and Heritor Art rely on
third-party or decentralised platforms, systems, or marketplaces.
We do not maintain, control, or assume any obligations with
respect to such platforms, systems, or marketplaces. To the extent
that Totality provides links or access to third party platforms,
sites, or other resources, it does so only as a convenience and is
not responsible for the content, products, or services on or
available from those third parties or through any content
displayed thereon.
(e)
Totality does not store your password, passkey, private key or
other credentials needed to access the Heritors, and will not be
able to recover such items if you should lose them. Holders should
keep a copy of Holder’s password, passkey or private key in a
secure location.
(f)
Each Heritor is a digital asset recorded and transferable on the
Ethereum blockchain. Any transfer of digital assets occurs through
automated processes within the Ethereum blockchain, possibly with
support from an NFT Marketplace or other third-party services, all
of which are not controlled in any capacity by Totality.
Transactions relating to Heritors may be irreversible, and,
accordingly, losses due to fraudulent or accidental transactions
may not be recoverable. Some transactions relating to the Heritors
shall be deemed to be made when recorded on the Ethereum
blockchain ledger, which is not necessarily the date or time that
Holders initiated the transaction.
(g)
There are risks associated with using an Internet based digital
asset, including but not limited to, the risk of hardware,
software, and Internet connection and service issues, the risk of
malicious software introduction, and the risk that third parties
may obtain unauthorised access to information stored within your
wallet. Totality will not be responsible for any communication
failures, disruptions, errors, distortions, or delays you may
experience when effecting transactions relating to any Heritor,
however caused.
9. INDEMNITY
Holder shall defend, indemnify, and hold Totality, its licensors,
affiliates, representatives, and service providers, and each of
them, and all of their respective officers, directors, employees,
and agents (the “Indemnified Parties”) harmless from and against
any and all claims, damages, losses, costs, investigations,
liabilities, judgments, fines, penalties, settlements, interest,
expenses, and other similar results or occurrences (including
attorneys’ fees) that directly or indirectly arise from or
in connection with, or are related to, any claim, suit, action,
dispute, demand, or proceeding or other similar occurrence,
process, or activity that is initiated, made, brought, or financed
by a third party (including any person who accesses or transacts
using any Heritor NFT or Heritor Art, whether or not such person
personally purchased a Heritor NFT) against any Indemnified Party,
or on account of the investigation, defence, or settlement
thereof, arising out of, related to, or in connection with:
(a)
your access to or use of any NFT marketplace or third-party
services or products;
(b)
your breach or alleged breach of this Agreement;
(c)
your exercise or attempted exercise of the Personal License or
Commercial License;
(d)
your actual or alleged violation of applicable law.
Counsel to be used in the defence of such claim must be approved
by Yuga Labs in writing prior to retention of such counsel and,
upon our request, you will allow us to participate in the defence
of any such claims. You will not enter into any settlement or
compromise of any claim or litigation or that includes an
admission of liability without our prior written consent
10. LIMITATION OF LIABILITY
(a)
TO THE MAXIMUM EXTENT PERMITTED BY LAW, NO INDEMNIFIED PARTY WILL
BE LIABLE FOR ANY INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL
DAMAGES, OR DAMAGES FOR LOST PROFITS, LOST REVENUES, LOST SAVINGS,
LOST BUSINESS OPPORTUNITY, LOSS OF DATA OR GOODWILL, SERVICE
INTERRUPTION, COMPUTER DAMAGE, OR SYSTEM FAILURE, OR THE COST OF
SUBSTITUTE SERVICES OF ANY KIND ARISING OUT OF OR IN CONNECTION
WITH THIS TERMS & AGREEMENT OR FROM THE USE OF OR INABILITY TO USE
OR INTERACT WITH ANY KODA NFT OR KODA ART, WHETHER BASED ON
WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), PRODUCT
LIABILITY, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT YUGA LABS
OR ITS SERVICE PROVIDERS HAVE BEEN INFORMED OF THE POSSIBILITY OF
SUCH DAMAGE, EVEN IF A LIMITED REMEDY SET FORTH HEREIN IS FOUND TO
HAVE FAILED OF ITS ESSENTIAL PURPOSE.
(b)
TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT WILL THE
AGGREGATE LIABILITY OF ALL INDEMNIFIED PARTIES ARISING OUT OF OR
IN CONNECTION WITH THIS AGREEMENT, OR THE USE OF OR INABILITY TO
USE OR INTERACT WITH THE KODAS OR ACCESS THE ART, OR ANY OF THE
RIGHTS AND LICENSES GRANTED HEREIN, EXCEED ONE HUNDRED U.S.
DOLLARS ($100).
(c)
BY PURCHASING OR OWNING A KODA NFT, PURCHASER/HOLDER ACKNOWLEDGES
THAT THE EXCLUSIONS AND LIMITATIONS OF DAMAGES SET FORTH ABOVE ARE
FUNDAMENTAL ELEMENTS OF THE BASIS OF THE BARGAIN BETWEEN YUGA LABS
AND PURCHASER/HOLDER.
11. DISPUTE RESOLUTION
(a) Informal Dispute Resolution.
Without limitation of Totality’s rights in Section 12, the Parties
must first attempt to resolve any dispute, claim, or controversy
arising out of or relating to this Agreement or the breach,
termination, enforcement, interpretation, or validity thereof, or
the use of the Heritor (collectively, “Disputes”) informally.
Accordingly, neither Party may start a formal arbitration
proceeding for at least sixty (60) days after one party notifies
the other party of a claim in writing. As part of this informal
resolution process, Holder must deliver a written notice of any
Dispute via
first-class mail to Totality
.
(b) Mandatory Arbitration of Disputes.
Any dispute, claim, or controversy arising out of or relating to
these Terms or the breach, termination, enforcement,
interpretation, or validity thereof, or the use of the Koda NFT or
Koda Art (“Dispute”) must be resolved solely by binding,
individual arbitration and not in a class, representative, or
consolidated action or proceeding. Each party waives the right to
a trial in court and/or by a jury. This arbitration provision
shall survive any termination of the License or these Terms.
(c) Exceptions.
As a limited exception to Section 11(a) above: (i) the parties may
seek to resolve a Dispute in small claims court if it qualifies;
and (ii) each party retains the right to seek injunctive or other
equitable relief from a court to prevent (or enjoin) the
infringement or misappropriation of its intellectual property
rights.
(d) Injunctive and Declaratory Relief.
Except as provided in Section 11(d) above, the arbitrator shall
determine all issues of liability on the merits of any claim
asserted by either party and may award declaratory or injunctive
relief only in favour of the individual party seeking relief and
only to the extent necessary to provide relief warranted by that
party’s individual claim. To the extent that you or Totality
prevail on a claim and seek public injunctive relief (that is,
injunctive relief that has the primary purpose and effect of
prohibiting unlawful acts that threaten future injury to the
public), the entitlement to and extent of such relief must be
litigated in a civil court of competent jurisdiction and not in
arbitration. The parties agree that litigation of any issues of
public injunctive reliefs shall be stayed pending the outcome of
the merits of any individual claims in arbitration.
(e) Class Action Waiver.
YOU AND TOTALITY AGREE THAT EACH PARTY MAY BRING CLAIMS AGAINST
THE OTHER ONLY IN ITS INDIVIDUAL CAPACITY, AND NOT AS APLAINTIFF
OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE
PROCEEDING. Further, if a Dispute is resolved through arbitration,
the arbitrator may not consolidate another person’s claims with a
party’s claims and may not otherwise preside over any form of a
representative or class proceeding. If this specific provision is
found to be unenforceable, then the entirety of this Dispute
Resolution section shall be null and void.
(f) Severability.
With the exception of any of the provisions in Section 11(f)
(Class Action Waiver), if an arbitrator or court of competent
jurisdiction decides that any part of these Terms is invalid or
unenforceable, the other parts of these Terms will still apply.
12. AMENDMENTS
Totality reserves the right to clarify or amend these Terms by
publicly publishing a new version of them, including, but not
limited to, on https://yuga.com/links/licenses and
https://otherside.xyz/license/koda.
13. GOVERNING LAW AND FORUM CHOICE
These Terms and any action related thereto will be governed by the
U.S. Federal Arbitration Act, federal arbitration law, and the
laws of the State of New York, without regard to its conflict of
laws provisions. Except as otherwise expressly set forth in
Section 11 (Dispute Resolution), the exclusive jurisdiction for
all Disputes (defined above) will be the state and federal courts
located in the State and City of New York, and you and Yuga Labs
each waive any objection to jurisdiction and venue in such courts.
11. LINKS TO THIRD-PARTY WEBSITES OR RESOURCES
Use and interaction of the Heritor and the Art may allow Holders
to access third-party websites or other resources. To the extent
that Totality provides links or access to such sites and/or
resources, it does so only as a convenience and is not responsible
for the content, products, or services on or available from those
resources or through any links displayed on such websites. Holder
acknowledges sole responsibility for, and assumes all risk arising
from, Holder’s use of any third-party sites or resources. Under no
circumstances shall Holder’s inability to view or use Art on a
third-party website serve as grounds for a claim against Totality.
12. TERMINATION OF LICENSE TO THE ART
Holder’s licenses to the Art shall automatically terminate and all
rights shall revert to Totality if at any time:
(a)
Purchaser breaches any portion of this Agreement, including any
failure to pay any Royalty Payment,
(b)
Purchaser engages in any unlawful activity related to the Koda
(including transferring the Koda to a Prohibited Transferee), or
(c)
if Yuga Labs has a reasonable basis for believing that you have
engaged in a subsequent transaction with respect to a Koda that is
not recorded on, effected by, or otherwise conducted using the
Ethereum blockchain, or is otherwise conducted in a manner
reasonably likely to cause the Royalty Payment to not be timely
paid.
Upon any termination, discontinuation or cancellation of Holder’s
licenses to the Art, Totality may disable Holder’s access to the
Art and Holder shall delete, remove, or otherwise destroy any back
up or other digital or physical copy of the Art. Upon any
termination, discontinuation, or cancellation of the license in
this Agreement, the following Sections will survive: 3, 5 through
17.
14. MISCELLANEOUS
(a)
Each of the Personal License and Commercial License applies only
to the Heritor NFT on the blockchain that Totality, in its sole
discretion, may designate, which designation shall apply
retroactively. Thus, for example, if a fork or other event
purports to result in duplicate Heritor NFTs, only the
non-fungible token recorded on the blockchain designated by
Totality will be eligible to receive the benefit of the applicable
Personal and Commercial License. Any license purportedly granted
hereunder to the owner of a non-fungible token recorded on a
blockchain not designated by Totality is void ab initio.
(b)
This Agreement will transfer and be binding upon and will inure to
the benefit of the parties and their permitted successors and
assigns.
(c)
This Agreement constitutes the entire agreement, and supersedes
any and all prior or contemporaneous representations,
understandings and agreements, between the parties with respect to
the subject matter of this Agreement, all of which are hereby
merged into this Agreement. Without limitation, the terms of any
other document, publication, course of dealing, or course of trade
will not modify this Agreement, except as expressly provided in
Sections 12 or 14(a) or as the parties may agree in writing.
(d)
This Agreement may be amended by Yuga Labs in its absolute and
sole discretion; provided, that Totality shall give notice of any
material amendments to this Agreement to the holders of the
Heritor NFTs through reasonable and public means (i.e., public
post on a social media network, e.g., Twitter)
(d)
Failure to promptly enforce a provision of this Agreement or any
rights related to the Heritor NFT or Heritor Art will not be
construed as a waiver of such provision or rights.
(e)
Nothing contained in this Agreement will be deemed to create, or
be construed as creating, a joint venture or partnership between
the parties. Neither party is, by virtue of these Terms or
otherwise, authorised as an agent or legal representative of the
other party. Neither party is granted any right or authority to
assume or to create any obligation or responsibility, express or
implied, on behalf or in the name of the other party, or to bind
such other Party in any manner. Nothing contained in this
Agreement will be deemed to create any third-party beneficiary
right upon any third party whatsoever.
(f)
The parties shall execute and deliver to the other party any and
all such other instruments in reasonable mutually acceptable form
and substance and shall take any and all such other actions as may
be reasonably necessary to carry the intent of this Agreement into
full force and effect.
(g)
Each of the Parties acknowledges that it has had the opportunity
to have this Agreement reviewed or not by independent legal
counsel of its choice.
(h)
If any one or more of the provisions of this Agreement should be
ruled wholly or partly invalid or unenforceable, then the
provisions held invalid or unenforceable will be deemed amended,
and the arbitrator, court, or other government body is authorised
to reform the provision(s) to the minimum extent necessary to
render them valid and enforceable in conformity with the parties’
intent as manifested herein.