[Consultation] Drafting Game Project Financing Agreement
Article posted in 2022-04-11 09:39:54 | VEAT
Law firm Veat drafted the Game Project Financing Agreement for A Investment’s request, taking into account the request.
A Investment paid investment funds to the game developer and, in return, received rights to the revenue generated from the game and NFT-related rights from the developer. They requested a game project financing agreement that reflected the agreed-upon terms with the developer.
Law firm Veat drafted a game project financing agreement for A Investment, reflecting the revenue increase of the game developer due to the payment of investment funds. Additionally, it stipulated the right to receive all revenue from NFTs issued and NFT-related community operation rights, and provisions for the event of changes in game development schedule, content, and IP rights, and a clause granting A Investment’s prior consent when the game service is terminated or suspended, ensuring the security of A Investment’s rights.
Drafting of project financing agreement reflecting detailed agreements regarding investment funds and repayment, development schedule, revenue distribution, reporting obligations, and investment fund recovery.
Project financing relies on the profitability of a project to provide funding, so when drafting a project financing agreement, you need to write regulations related to the scope of the business, investment fund payments, revenue distribution, reporting obligations, and investment fund recovery, in line with the detailed agreement between the investor and the developer (implementer).
Law firm Veat, based on its understanding of investment, project financing, and game development, helps investors and developers (implementers) to successfully conduct a project financing agreement by properly reflecting the agreement between the two parties. Please contact Law firm Veat if you need a game project financing agreement drafted.
Thank you.
Veat Law Firm.