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Participants in the fast-moving - but legally uncertain - non-fungible token (NFT) marketplace can maximize their business opportunities and mitigate risk by delineating their specific role early and clearly defining where their obligations begin and where their responsibilities end. Understanding and defining your role, and the role of your counterparties, is critical. Here are some of the key contractual relationships that NFT market participants can expect to encounter.

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Houston

Counsel

Erika Vela

Atlanta

Partner

Janine Anthony Bowen

Chicago

Robert A. Musiala Jr.

Navigating Contractual Relationships in the NFT Market