Purple Squirrel Media LLC Standard Blockchain Development License Agreement
August 23rd, 2023

Purple Squirrel Media LLC Standard Blockchain Development License Agreement

Introduction

Inspired by the collaborative spirit of web3 hackathons and accelerators, Purple Squirrel Media LLC presents this license agreement (the "Agreement") to set forth guidelines and rules for the proprietary development of blockchain software and chains. This Agreement is rooted in the principles of the Apache 2.0 license while catering to the unique nuances of blockchain development.

Definitions

a. Software: refers to all blockchain-based programs, applications, platforms, chains, or tools developed under this Agreement. b. Developer: denotes the individual or entity developing the Software under this Agreement. c. Network Members: signifies the community or group of entities or individuals integrated into the blockchain network for which the Software is developed.

Ownership

a. All proprietary rights, including, but not limited to intellectual property rights, pertaining to the Software developed under this Agreement shall reside exclusively with the Network Members. b. The Developer recognizes and concurs that any Software developed is exclusively for the Network Members' benefit.

Royalty Encouragement

a. While the Developer is recommended to impose and gather royalties or fees for the utilization, alteration, or distribution of the Software, Network Members aren't obligated to remit such royalties. b. If a royalty structure is enacted, it should be transparently delineated, explicitly communicated, and mutually agreed upon by all participating parties.

Distribution and Licensing

a. The Developer empowers the Network Members with rights to use, modify, distribute, or sublicense the Software to third-party entities. b. Any sublicenses or distributions by Network Members to third parties should credit the Developer’s contributions.

Warranties and Limitation of Liability

a. The Software is delivered "as-is". The Developer offers no guarantees, implied or explicit, regarding the Software’s suitability for specific applications, its merchantability, or its non-infringement of third-party rights. b. The Developer will not be held accountable for any direct, indirect, incidental, or consequential damages resulting from the Software's use or inability to use.

Amendments and Termination

a. This Agreement can be revised or terminated upon mutual agreement between the Developer and a predominant portion of the Network Members. b. In any dispute concerning this Agreement, all involved parties commit to amicably resolving disagreements through mutual negotiation.

Governing Laws

a. This Agreement adheres to the laws of [Jurisdiction/Country]. b. Should any provision of this Agreement be deemed unenforceable or invalid, said provision will be restricted or eliminated to the minimum necessary degree, ensuring the Agreement remains fully effective.

This Agreement is crafted to be tailored according to the distinct needs and specifications of the Developer and Network Members. Legal advice is recommended before finalizing and implementing this Agreement.

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