Asset Terms & Management Services Agreement
By acquiring, purchasing, or receiving a Tradible Digital Twin (“Tradible Digital Twin”), you agree to the terms outlined in this Asset Management Agreement (“Agreement”). These terms, along with the Tradible Terms of Service (“Tradible Terms”), which are accessible on our website, constitute the complete agreement between you and Tradible. Any capitalized terms used but not defined in these terms shall carry the meaning assigned to them in the Tradible Terms.
1. Ownership of Tradible Digital Twins and Associated Artwork
Each Tradible Digital Twin represents a unique digital item that includes or is associated with specific artwork created or owned by Tradible or its partners (“Artwork”). You acknowledge and agree that Tradible retains full ownership, rights, and intellectual property of the Artwork, including any associated branding (“Brand”).
Although you may own the Tradible Digital Twin itself, ownership of the Artwork and Brand is granted through a limited license under this Agreement, and no ownership rights to the Artwork or Brand are transferred to you. You “own” a Tradible Digital Twin only if you have legally acquired it from an authorized source, with proper proof of purchase recorded in our system.
2. License Grant
Upon your lawful acquisition of a Tradible Digital Twin and provided that you comply with this Agreement, Tradible grants you a non-exclusive, revocable, and worldwide license to:
Display the Artwork and Brand associated with your Tradible Digital Twin, exclusively for personal, non-commercial purposes (e.g., on your personal devices, as part of a digital collection, or in virtual spaces such as galleries).
Resell or Transfer your Tradible Digital Twin in a legitimate marketplace, with proper verification of ownership to ensure that only the rightful owner can offer it for sale.
Access Special Features or privileges tied to your Tradible Digital Twin, such as asset management services or other benefits, as made available on our platform.
This license is non-transferable except in the case of resale or transfer of the Tradible Digital Twin to a new legitimate owner. The license ends immediately if you breach this Agreement.
3. Asset Management Services
Each Tradible Digital Twin signifies ownership of a specific physical asset, as shown in the Artwork linked to the Digital Twin. By purchasing a Tradible Digital Twin, you acknowledge that:
The seller of the Tradible Digital Twin is released from their contract with Tradible for Asset Management Services (“Assumed Contract”).
You, as the buyer, assume the seller’s rights and obligations under the Assumed Contract through novation, becoming legally bound by this agreement.
You are entering into a binding agreement with Tradible for the management of the asset linked to the Digital Twin.
You can terminate the Assumed Contract by:
Selling the Tradible Digital Twin to a new buyer, transferring the Assumed Contract in the process.
Redeeming the Tradible Digital Twin for the underlying physical asset.
The redemption of your Tradible Digital Twin for the associated physical asset may involve additional charges, such as shipping and handling, based on the then-current policies of Tradible.
4. Restrictions on Usage
You agree not to:
Modify, alter, or create derivative works based on the Artwork or Brand.
Use the Artwork or Brand for commercial purposes, including any advertisements, promotions, or product endorsements, unless explicitly permitted in this Agreement.
Use the Artwork or Brand in association with illegal, harmful, or offensive content.
Claim any intellectual property rights over the Artwork or Brand, including attempting to register trademarks or copyrights.
Use the Artwork or Brand in a way that could harm the reputation or goodwill of Tradible or its partners.
These restrictions remain in place even after the expiration or termination of the license granted under this Agreement.
5. Disclaimers
You understand and agree that the Tradible Digital Twin does not represent a financial instrument or security of any kind. It is purely a digital item backed by a physical asset and cannot be equated with traditional financial assets.
6. Transferring Your Tradible Digital Twin
You may transfer or resell your Tradible Digital Twin, provided that:
You comply with the terms of this Agreement.
The third-party buyer agrees to the Assumed Contract.
Once the transfer is made, all licenses granted to you will terminate immediately. The new owner will assume the rights to the Tradible Digital Twin and its associated privileges, including any remaining asset management services.
7. Tradible Fee
Any transfer of a Tradible Digital Twin, whether by you or the current owner, is subject to a transfer fee of 5% of the sale price. This fee is payable to Tradible and will be deducted from the transaction.
Got questions? Connect with our community on Discord and Twitter, or reach out to us directly at hello@tradible.io.
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