Trakti Smart "Legal" Contracts Blog

Sample template for subscribing to a campaign using FTC Token Reward Smart Contract

Sample template for negotiating/publishing a campaign using Individual Reward Distribution Smart Contract.

Sample template for subscribing to a Community Reward Distribution Smart Contract.

Sample template for negotiating reward of a Community Reward Distribution Smart Contract.

Sample template for publishing a campaign and onboarding user using Community Reward Distribution Smart Contract

The commercial lease agreement is made between the landlord, the legal owner of the property, entitled to grant the Lease, and the occupier (Tenant). It is important to check that no other person has the benefit of rights or restrictions over the property which would impact on the tenant. This is called investigating title. The property needs to have the necessary planning permission to allow the tenant to carry on his business. On completion of the Lease the Tenant will be legally liable to pay Stamp Duty Land Tax. If the Lease is for a term of more than 7 years, it will need to be registered at the Land Registry. Commercial Leases are usually granted for a “fixed term” which means the Lease will start and end on the fixed dates specified in the Lease. The Lease may, however, provide for either party to terminate the Lease at an earlier date; this right is referred to as a Break Right.

With the Ip License Agreement the licensor grants to the licensee the right to use and / or exploit the intellectual property of which he is the owner, such as: trademark, patent, know-how, design, software, work covered by copyright, etc. in exchange for a fee (royalty). Intellectual property rights (industrial property or copyright) are considered intangible assets that can be exploited economically. The license is the legal instrument that allows such exploitation and is adopted when the owner wants to allow the use of a distinctive sign, a certain technology or a design, etc., without transferring the ownership. With this contract the owner will be able to define the duration and the territory of validity of the license in addition to the exact ways in which the licensee will be able to exploit his property. Furthermore, he will be able to define the amount to be paid. The license agreement may in fact be free or require payment of fixed amounts or variable royalties based on sales.