Legal Notice and Intellectual Property Agreement
Introduction
Coloma Labs hereby establishes itself as the creator and primary managing entity of The Bonanza Project. Each individual or entity contributing to The Bonanza Project does so as an independent contractor, bearing sole responsibility for their own income and tax obligations.
Intellectual Property Rights
All intellectual property associated with The Bonanza Project, including, but not limited to, names, images, designs, traits, and any ancillary rights, is the unequivocal property of Coloma Labs. This encompasses all copyright, trademark, and ownership rights across any media formats where these properties may exist. Unauthorized utilization, duplication, or reproduction of these properties without explicit, written consent from Coloma Labs is strictly forbidden.
Prohibition on Derivative and Commercial Use
The creation of derivative works from any of Bonanza's intellectual assets, including but not limited to individual layers, traits, or characters, without express permission from Coloma Labs is strictly prohibited. This prohibition extends to the development of new projects, NFT or otherwise, that utilize these assets. Any derivative works that are authorized by Coloma Labs may be governed by distinct terms and conditions, as explicitly determined by Coloma Labs.
Tax Liability
All participants in The Bonanza Project acknowledge that any tax liabilities incurred through the minting, acquisition, or resale of Bonanza NFTs rest solely with the transacting parties. Coloma Labs disclaims any responsibility for tax obligations incurred by participants within The Bonanza Project.
Age Requirement and Participation Eligibility
Participation in The Bonanza Project, including the acquisition of any Bonanza NFTs, is restricted to individuals who affirm they are at least 18 years of age.
No Assurance of Future Performance
The acquisition of a Bonanza NFT carries with it no guarantee of future performance, benefits, or specific commitments from The Bonanza Project. All potential uses of acquired funds and promised benefits remain subject to modification at Coloma Labs' sole discretion. The Bonanza Project explicitly disclaims any assurance of specific outcomes, benefits, or future engagements.
Acceptance of Terms
Your participation in The Bonanza Project, including but not limited to the purchase, sale, or holding of a Bonanza NFT, constitutes your binding acceptance of these terms and conditions. Participants are responsible for regularly reviewing these terms to remain informed of any changes or updates.
Protection of Intellectual Property
Coloma Labs retains the right to pursue legal action against any individual or entity that infringes upon the intellectual property of The Bonanza Project. This includes but is not limited to, the unauthorized use, reproduction, or creation of derivative works. Participants agree that any attempt to monetize, directly or indirectly, any assets or intellectual property related to The Bonanza Project without Coloma Labs' express written consent will be subject to legal action and financial restitution.
By engaging with The Bonanza Project, you acknowledge that all intellectual property rights are strictly owned by Coloma Labs and that any use of project assets for commercial or derivative purposes without prior approval is a violation of these terms and may result in legal penalties.
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