America: NFT Battle: Royal With Cheese = Quarter Pounder With Cheese?
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The dispute between Quentin Tarantino and the movie studio Miramax is becoming more common as an auction selling screenplay pages and other collectibles from “Pulp Fiction” as NFTs approach. The NFT auction is scheduled for January 17th.
As more creators and artists use NFTs as a monetization stream, intellectual property rights over what they own using this new technology will continue to be in litigation. The proceedings hope to clarify whether the grant of intellectual property rights in the previous contract can embrace new NFT technologies and assets.
These intellectual property rights will continue to sue, but people in the NFT field need to be aware of how contracts are constructed and intellectual property rights assignments to cover the current use of NFTs. Also, there is no way to predict the future, but it is worth the time to stare at the crystal ball, predict future use of NFTs, and consider how to include appropriate intellectual property protection in the contract.
The content of this article is intended to provide a general guide to the subject. Expert advice should be sought for certain situations.
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