NFT PARTNERSHIP AGREEMENT

NFT PARTNERSHIP AGREEMENT

This NFT Partnership Agreement (hereinafter referred to as the “Agreement”) is made on __________________20___ Between AHMAD AL DAFAR and MOTASEM F.ALOBOUS.

1. NFT Project. 

The parties hereby agree to create an NFT project known as Octoverse.

2. Term. 

The partnership herein shall begin on March 7^th, 2022, and shall continue until terminated as herein provided.

3. Proceeds.

The parties agree that the total proceeds of the project will be calculated after deducting gas fees and all necessary payments made by Ahmad Al-Dafar for the creation of this project.

The proceeds will be divided into three portions after minting the project;

1. ____% will be paid to Ahmad Al-Dafar .
2. ____% will be paid to Motasim F.Alobous .
3. ____% will be put in the project vault.

4. Intellectual Property.

The parties herein agree that they co-own the rights to the artwork generated from this project.

5. Termination. 

The partnership may be dissolved at any time by the partners’ Agreement, in which the partners shall be liquidated

If the artist herein, Motasem F. Alobous stops delivering creatives for the project, this Agreement will be deemed terminated.

6. Death. 

Upon the death of either partner, the surviving partner shall have all the rights to the project or terminate and liquidate the partnership business. 

7. Dispute Resolution. 

Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by mediation in accordance with the rules of the Country of Jordan.

8. Governing Law.

This Agreement shall be construed, governed and interpreted according to the Laws of Jordan.

9. Waiver.  

The waiver by either party of the breach of any covenant or provision in this Agreement shall not operate or be construed as a waiver of any subsequent breach by either party.

10. Severability.  

In the event a court of competent jurisdiction declares any term or provision of this Agreement to be invalid or unenforceable for any reason, this Agreement will remain in full force and effect, and either: 

1. The invalid or unenforceable provision(s) will be modified to the minimum extent necessary to make such provision(s) valid and enforceable; or 
2. If such a modification is not possible, this Agreement will be interpreted as if such invalid or unenforceable provision(s) were not a part of this Agreement.
3. Amendment.

This Agreement cannot be amended without the written consent of all parties herein.

IN WITNESS WHEREOF, the partners hereunto set their signatures and acknowledged this Agreement as the date first above written.