NFT Terms & Asset Management Services Agreement
Effective as of: 7/19/2025
By minting, purchasing, acquiring, or otherwise receiving this NFT originating from Relxs (a "Relxs NFT"), you agree to this NFT Terms and Asset Management Services Agreement (the "NFT Agreement"). This document, in conjunction with the Relxs Terms & Conditions (available at https://relxs.io/terms and incorporated herein by reference), collectively forms the "Agreement." Capitalized terms not defined here shall have the meaning assigned in the Relxs Terms & Conditions.
OWNERSHIP OF RELXS NFTS AND ARTWORK
Each Relxs NFT is a unique, limited-edition token tied to a verified physical collectible (the "Relxs Asset") and includes access to certain artwork and visual media (collectively, the "Artwork") created by or licensed to Relxs LLC. You acknowledge that Relxs retains full legal ownership of the Artwork and all intellectual property rights therein, including any trademarked elements, logos, or visual branding (the "Brand").
While you may own the Relxs NFT, the Artwork and Brand included in or associated with it are licensed to you, not sold. You "Own" a Relxs NFT if you lawfully acquired it from a legitimate source, with proof of acquisition recorded on the relevant blockchain.
All rights in and to the Artwork and Brand not expressly granted to you in this Agreement are reserved by Relxs and its licensors.
LICENSE GRANT
Upon lawful acquisition and ongoing compliance with this Agreement, Relxs grants you a worldwide, non-exclusive, royalty-free, non-sublicensable license to:
- Display the Artwork and Brand solely as embedded in the applicable Relxs NFT and:
- For personal, non-commercial use, such as in a gallery, social profile, or home display;
- In connection with the resale or transfer of your Relxs NFT via a marketplace that verifies ownership.
- Access Relxs platform features tied to NFT ownership (the "Access Privileges"), which may include participation in the Relxs marketplace, redemption of the physical item, gallery exposure, and promotional unlocks.
ASSET MANAGEMENT SERVICES
Each Relxs NFT corresponds to a specific physical item held in secure custody by our verified logistics partners. By acquiring a Relxs NFT, you agree that:
- The previous NFT owner is released from their asset management contract with Relxs (the "Assumed Contract").
- You assume the Assumed Contract through novation and are bound by its terms.
- You enter into a legally binding asset storage and redemption agreement with Relxs for the associated physical collectible.
RESTRICTIONS
You may not, without prior written approval from Relxs:
- Modify, remix, or adapt the Artwork or Brand;
- Use the Artwork or Brand for any commercial purpose (outside of NFT resale);
- Display the NFT in connection with hate speech, violence, illegal activity, or defamatory content;
- Register or apply for trademarks using Relxs-related visuals;
- Imply affiliation with or endorsement by Relxs, unless explicitly granted.
DISCLAIMER
Relxs NFTs are collectible items, not financial instruments. They are not securities, derivatives, or investment contracts. Ownership does not entitle you to any profit share, dividends, or voting rights within Relxs.
TRANSFER CONDITIONS
You may transfer your Relxs NFT subject to:
- This Agreement remaining in force;
- The transferee agreeing to assume the Assumed Contract and this Agreement in writing;
- Your rights to the Artwork, Brand, and Access Privileges terminating immediately upon transfer.
RELXS FEE
You acknowledge and agree that all secondary sales of Relxs NFTs are subject to a platform fee based on the total transaction value. This fee is automatically deducted and used to maintain platform operations, logistics, and authenticity assurance.
TERMINATION
Relxs reserves the right to revoke your licenses and Access Privileges without notice if:
- You breach any part of this Agreement;
- You acquire or transfer the NFT fraudulently;
- You misuse the Artwork, Brand, or NFT access for unlawful purposes.
Upon termination, Relxs may block access to services, hide your profile, or render the NFT inactive within the platform ecosystem.