Intellectual Property

IP rights for TRAF Episode NFT holders

The Red Ape Family (TRAF) Episode NFT is like a video-based sports or a trading card. When you buy a TRAF NFT, you don’t own the IP, commercial and moral rights of the episode or its contents.

A TRAF Episode NFT does not give the owner copyright ownership of the video, featured NFTs or any other associated features (i.e., logos, voices, music, background art, sound effects, storyboards, animatics or any other incidental or accidental TRAF creation associated with the show).

IP rights if your NFT features in the show

You own the full rights to your original NFT if it features in the show as a character or artwork.

However, an IP and commercial rights waiver is required for the TRAF team to create derivative work based on your NFT (i.e., animation and voices).

Do I need to sign a contract?

Yes. A contract will be signed by both the NFT owner and TRAF.

Who owns the derivative work?

TRAF.

Can I sign deals with non-TRAF organizations to use TRAF's derivative art featuring my NFT?

Yes, but only under certain conditions:

• TRAF must be credited (logo + registered name).

• TRAF must be given an option to develop the deal for you. You can only work with other agencies if TRAF is unable to finalize the deal.

Can TRAF still display the episode featuring your NFT after it is sold?

Yes. Any derivative work is the property of TRAF. This includes any work created before the sale of your NFT.

What happens if you sell your NFT while the episode is still in production?

These terms will be agreed upon in the contract that will be signed between TRAF and the NFT holder.