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Vilnius tokens. Terms of use

Certainly, here are some detailed terms and conditions for the tokenization of art purchased during the ArtVilnius 2023 event:

Vilnius Tokens: Tokenization Terms and Conditions

These Terms and Conditions ("Agreement") constitute a legal agreement between you ("Collector," "Token Holder," "You," or "Your") and Vilnius Tokens ("We," "Us," or "Our") governing the tokenization of artworks purchased during the ArtVilnius 2023 event. By engaging in the tokenization process, you agree to be bound by the terms and conditions outlined below:

  1. Eligibility and Scope:

    • Tokenization is exclusively available for artworks acquired during the ArtVilnius 2023 event from local (Vilnius city) galleries.

  2. Tokenization Process:

    • You grant Vilnius Tokens the right to tokenize your acquired artwork, which may include creating an associated NFT (Non-Fungible Token) and placing it on the blockchain.

    • All expenses related to the tokenization process, including minting, listing, and associated fees, are covered by Vilnius Tokens.

  3. Ownership and Rights:

    • Tokenization does not transfer ownership of the physical artwork. You retain all legal and physical ownership rights to the artwork.

  4. Artwork Information:

    • You are responsible for providing accurate and comprehensive information about the artwork to be tokenized, including artist name, title, description, and provenance.

  5. NFT Distribution:

    • The distribution and sale of NFTs will be conducted in accordance with industry standards and practices. Vilnius Tokens reserves the right to determine the terms of sale, including pricing and sales venues.

  6. Digital Wallet:

    • You are responsible for providing a secure digital wallet address where NFTs will be deposited.

  7. Security and Liability:

    • Vilnius Tokens will make reasonable efforts to ensure the security of the tokenization process. However, we are not liable for any loss, theft, or damage to the NFTs or your digital wallet.

  8. Termination:

    • Vilnius Tokens reserves the right to terminate or suspend the tokenization process at any time without notice for any reason.

  9. Data Privacy:

    • We will collect and process personal information as described in our Privacy Policy. By engaging in tokenization, you consent to the collection and use of your data.

  10. Dispute Resolution:

    • Any disputes arising from or related to this Agreement will be resolved through arbitration in accordance with the rules of the [Arbitration Association/Institution], and the decision of the arbitrator will be binding.

  11. Governing Law:

    • This Agreement is governed by and construed in accordance with the laws of [Jurisdiction], without regard to its conflict of law principles.

  12. Amendments:

    • Vilnius Tokens reserves the right to modify or amend these terms and conditions. Any modifications will be communicated to you via the provided contact information.

  13. Entire Agreement:

    • This Agreement constitutes the entire agreement between you and Vilnius Tokens, superseding any prior agreements or understandings.

By participating in the Vilnius Tokens tokenization process, you acknowledge that you have read, understood, and agreed to these terms and conditions. If you do not agree with any part of these terms, please do not proceed with the tokenization process.

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