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

Adopting Generative AI? Key Contract Considerations for Healthy Due Diligence

JD Supra Law

As generative AI continues to be a hot topic in board rooms and an unavoidable reality on the front lines of business, leaders must make informed decisions when choosing AI vendors. The integration of AI into your operations can offer substantial benefits, but it also introduces unique risks and challenges.

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

M&A Checklist — How to Prepare Your IP for the Legal Due Diligence Process

LexBlog IP

But any company preparing to sell within the next five years should consider the more common IP issues that arise during the legal due diligence process. But quite often, a company will tout its innovation when selling, but during the due diligence process, it is revealed that the company lacks adequate protection for that innovation.

article thumbnail

Structuring the IP financial exchange

IP and Legal Filings

The exchange works on the Unit License Right (ULR) contract. Such a contract is offered to the interested parties who want to purchase it which is open to all without discrimination. All information is available with the contract like the price set up and sold based on standardized technology unit.

article thumbnail

Giving off Bad Energy: “Milkshake” Sample Removed from Beyoncé’s Album “Renaissance”

IPilogue

Artists only require permission from original composers and the record labels if they wish to borrow work, and unfortunately for Kelis, she didn’t fall within this category due to a contract she signed when she was nearly 20 years younger and did not fully understand.

Music 100
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.

article thumbnail

[Guest post] At last Spain transposes the DSM Directive

The IPKat

In the first place, it establishes that the negotiations must be carried out under the principles of good faith, due diligence, transparency, and respect to free competition rules, noting that this excludes “ the exercise of a dominant position” – it does not say the abuse of it.