Lil’ Riff Raffs is a collection of unique digital assets, also known as Non-Fungible Tokens (NFTs), created by Gen X & Co Limited (“Gen X”). These NFTs utilize blockchain technology on networks like Ethereum to ensure their authenticity and ownership. This website serves as a platform for purchasing and interacting with these digital collectibles. It's important to note that users are fully responsible for the security and management of their own private wallets, and must validate all transactions and contracts generated by this website before approving them. Additionally, due to the immutable nature of blockchain, transactions involving Gen X & Co Limited NFTs cannot be undone, reversed, or refunded.
Please be aware that our website, smart contracts, and all related services under the Gen X & Co Limited name are provided "as is" without any guarantee of availability or reliability. By using our services and purchasing our digital collectibles, you accept full responsibility for any transactions involving Gen X & Co Limited NFTs.
As the owner of a Lil' Riff Raffs NFT, you will possess non-exclusive commercial rights to the underlying art of the specific character, as outlined in our License Agreement. However, it's important to note that you will not have any rights to use the Gen X & Co Limited brand or any of its registered trademarks, such as the Lil' Riff Raffs logo, without obtaining written permission from the XYZ team. Ownership of the NFT is governed solely by our smart contract and we cannot seize, freeze, or modify the ownership of any NFT in any way.
You may choose to assign some of these rights to other commercial projects, but keep in mind that any future transfer of your NFT will be subject to the rights that you have already assigned. You can use your Gen X & Co Limited character on clothing and merchandise, include them in video games and video projects, and generally do whatever you want with your Lil' Riff Raffs. However, it's important to note that you cannot use the name “Lil' Riff Raffs” on any commercial product, unless it is directly connected to the name or the number of your Lil' Riff Raffs NFT. Additionally, you agree not to use your Lil' Riff Raffs in any project or derivative work that involves hate speech, racism, pornography, or any illegal content.
EXCEPT AS EXPRESSLY STATED IN THESE TERMS, THE Lil' Riff Raffs TEAM MAKES NO REPRESENTATIONS OR WARRANTIES AND EXPLICITLY DISCLAIMS ALL OTHER REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS, IMPLIED, WRITTEN, ORAL OR STATUTORY, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND WARRANTIES OTHERWISE ARISING FROM A COURSE OF DEALING, COURSE OF PERFORMANCE OR USAGE OF TRADE.
You agree to not hold the Gen X team responsible for any losses you may incur as a consequence of minting your NFT, whether due to Internet connection issues, demand outstripping supply, or other unforeseen problems. These potential losses include any gas fees for failed transactions, any excessive gas fees charged due to website or smart contract bugs, and any loss of your NFT due to website or smart contract bugs. Additionally, you understand and accept the risks associated with the use of blockchain technology, including but not limited to, the risks of hardware, software and Internet connections, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within your wallet.
The Gen X team is fully committed to this project and is working to continually develop the Gen X & Co Limited and expand the community. Our features page outlines the goals we aim to achieve. However, while we intend to accomplish those goals, it's important to note that the future of the project is uncertain and we cannot make any guarantees of its success or future developments. By purchasing a Gen X & Co Limited NFT, you understand that you are not basing your decision on any promises or future commitments made by the XYZ team. Additionally, you understand that the value and utility of the NFT can change over time and that you are buying the NFT with full knowledge of the risks involved.
A Gen X & Co Limited NFT token should not be considered as an investment. We make no promises or guarantees that your NFT will retain or increase in value over time. You understand that they do not have any inherent monetary value and should be treated as nothing more than a fun and unique collectible.
It's important to note that you are fully responsible for any tax liabilities that may arise from minting or reselling your Gen X & Co Limited NFT.
The Gen X & Co Limited project is not intended for children and by purchasing a NFT, you confirm that you are over the age of 16, or above the legal age of your jurisdiction, whichever is greater.
You also agree that any legal disputes will be governed by the laws of New Zealand and that any legal proceedings will be brought exclusively in the courts of New Zealand.
THIS AGREEMENT (the “Agreement”) is made and entered into effective as of the date of purchase (the “Effective Date”), by and between Gen X, (hereinafter known as the “Licensor”) and the NFT Buyer (hereinafter known as the “Licensee”) of the copyrightable permissible work (“Permissible Work”).
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration as set forth herein, Licensor and Licensee agree as follows:
As used herein and throughout this Agreement:
1.1 “Agreement” means the entire content of this document.
1.2 “Lil' Riff Raffs” shall mean and refer to Licensor’s creation of a unique digital collectable, also known as a NFT, that is managed by the Ethereum network and the respective smart contract on that network.
1.3 “NFT” shall mean any blockchain-tracked, non-fungible token, also referred to as a ‘token.’
1.4 “Smart Contract” shall mean lines of code or a transaction protocol which is intended to automatically execute, control or document basic relevant events and actions according to the terms of an agreement. The code and the agreements contained therein exist across a distributed, decentralized blockchain network.
1.5 “Permissible Work” shall mean the visual, literary, dramatic, artistic, and subject-matter works and content tied to the Lil' Riff Raffs NFT.
2.1 Ownership Rights
Licensor represents to be the sole author and creator of the Permissible Work and that the Permissible Work is an original work. Licensor has the sole and exclusive right to enter into this Agreement and the full warrant and authority to grant the rights granted hereby.
2.2 Non-Exclusive
Licensee acknowledges and agrees that the license granted herein is non-exclusive and that Licensor may license others to use the Permissible Work. Licensor shall have the right to assign and/or license its rights and obligations under this Agreement and all its right, title and interest in the Permissible Work without the consent of Licensee.
2.3 Scope
Licensor hereby grants to Licensee, in accordance with the terms and conditions of this Agreement, a non-exclusive license to use the Permissible Work during personal and commercial use and purposes. The license covers the non-exclusive right to reproduce, sell and distribute the Permissible Work, including reprints, translations, photographic reproductions, microform, electronic form (offline, online) or any other reproductions of similar nature in accordance with the terms of this Agreement.
2.4 Assignment
This Agreement (including, without limitation, the license granted hereunder) is personal to Licensee and shall not be assigned or transferred by Licensee, except to a new purchaser of all or substantially all of the Permissible Work licensed to the Licensee. Any other attempt on the part of Licensee to assign, sub-license, or transfer Licensee’s rights under this Agreement, except as provided herein, shall be invalid and void.
2.5 Accordance
Licensee desires to obtain, and Licensor has agreed to transfer to and authorize the use of the Permissible Work by Licensee in accordance with the terms and conditions of this Agreement. Licensee’s purchase and use of the Permissible Work, in whole or in part, indicates their assent to the terms and conditions of this Agreement; and acknowledgement to have read and be legally bound by the terms of this Agreement.
Licensee agrees not to use the Permissible Work to commit any criminal offense, nor to distribute any malicious, harmful, offensive or obscene material. You shall indemnify, defend (at Licensor’s request) and hold harmless Licensor, its affiliates and its respective employees, and contractors, from and against any and all claims, losses, liabilities, damages, expenses and costs (including reasonable attorneys’ fees) arising from your breach or alleged breach of this section.
4.1 Definition
Burning a NFT shall mean to purposefully take that token out of circulation, often by sending it to a cryptocurrency wallet to which no-one has access. It is not possible to delete the token ID underlying the NFT from the blockchain.
4.2 Grants and Limitations
Once the Permissible Work has been transferred to another, the former Licensee will not be able to, including but not limited to, burn, copy, or redistribute the token in that the former Licensee shall no longer be the permitted holder of the license herein. If the Licensee burns the token(s) but is effectively still the holder of the license herein, the Licensee may re-mint the burned token so long as a mint function is allowable.
The rights and obligations under this Assignment will inure to the benefit and be binding upon any of Licensee’s successors and assignees, as well as Licensor’s.
Licensor warrants and represents that Licensor is not a party to, or will not be a party to, any assignment, agreement or other contract in conflict with this Assignment.
The contents of this document constitute the entire agreement between Licensor and Licensee and supersedes any prior or contemporaneous understandings, whether written or oral.
Headings to this Assignment are for convenience only and shall not be construed to limit or otherwise affect the terms of this Assignment.
Licensee shall fully indemnify, defend, and hold harmless Licensor from and against any and all claims, losses, damages, expenses, and liability, including without limitation, suits arising from offering, promoting, advertising, sale, or use by Licensee, or any of its authorized sublicenses, of the Permissible Work, whether or not such use conforms to standards set by Licensor, provided that such claim, loss, damage, expense, or liability does not arise from the negligence of Licensor.
This Agreement shall be governed in all respects by the laws of New Zealand.
