Terms & Conditions

Agreement for Harvest Rights License

Between Vida Verde Holdings Panama, Ltd (“VVHP”) and You (“NFT OWNER”).

This Agreement is made on the date of purchase between NFT Owner and VVHP, having an office at PH South Beach, Calle 39, Unit 12B, Panama City, Panama, for VVHP Harvest Right NFT number(s) 1–10,000.

Recitals

WHEREAS, NFT OWNER wishes to acquire the ownership of a Harvest Right license Non-Fungible Token entitling the NFT OWNER to the net, after costs as determined by VVHP, production value of 1/10,000th per NFT of the Cosiguina Teak and Avocado Agroforestry Farm located in northern Nicaragua (“The Harvest Token”) from the current date until the end of the year 2046.

WHEREAS, VVHP desires to grant a term license, which is to be owned via a unique NFT number for The Harvest Token as described in this Agreement or otherwise incorporated by reference,

NOW, THEREFORE, NFT OWNER and VVHP hereby agree as follows:

Article 1. Harvest Rights License Agreement

VVHP has developed a teak and avocado farm for the purpose of harvesting avocado fruit and teak wood in the Cosiguina Volcano area of northern Nicaragua and agrees to license The Harvest Token in accordance with the terms of this Agreement.

Subject to the terms and conditions of this Agreement, VVHP grants NFT OWNER a license to The Harvest Token during the applicable License Term from the agreement date until 2046 in accordance with this agreement.

Article 2. VVHP’s Representations

VVHP represents that the agroforestry farm is functional and expected to produce a reasonable harvest as can be expected given natural conditions. No warranties are expressed or implied as to the production of the farm or the funds to be generated by it, the accuracy or availability of the NFT OWNER’s entered data.

Article 3. Compensation and Payment

For The Harvest Token, or as may be modified by mutual agreement, NFT OWNER agrees to compensate VVHP an amount equivalent to the price point at time of purchase.

Article 4. Assignment

NFT OWNER may assign any of its rights, interests, or obligations under this Agreement via the Maven online NFT marketplace. Any subcontract or Assignment shall be subject to all terms of this Agreement.

Article 5. Confidentiality

a. For purposes of this Article:

(1) The term “Confidential Information” as used herein means all material and information, whether written or oral, received by VVHP from or through NFT OWNER or any other person connected with The Harvest Token, or developed or otherwise received or obtained by VVHP in connection with The Harvest Token under this Agreement. Confidential Information shall include, but not be limited to, data, conversations, correspondence, records, notes, reports and other documents, in draft or final form.

(2) The term “VVHP” as used herein includes all officers, directors, employees, agents, representatives and sub-consultants of VVHP.

b. VVHP shall hold the Confidential Information regarding The Harvest Token, shall not disclose the Confidential Information or any portion thereof to any third party without the prior written consent of NFT OWNER, and shall not use the Confidential Information or any portion thereof for any purpose whatsoever except in connection with the performance of The Harvest Token under the Agreement.

Article 6. Ownership of Documents

Notwithstanding any other provision herein to the contrary: unless otherwise agreed to as an addendum to this agreement, VVHP retains all Land Title, Deed and/or Property rights to The Agroforestry Farm and the NFT OWNER has the license to benefits and proceeds of The Harvest Token specified in this agreement only.

Questions about these terms? Contact us. See also Harvest Rights. This page is not legal advice.