NFL Players Union Sues DraftKings Over NFT Agreement
DraftKings was granted the use of aforementioned intellectual property rights until the date of the license agreement’s expiration on February 28, 2027 “unless terminated in accordance with the provisions [t]hereof.” DraftKings agreed to pay a “revenue royalty on sales in both the initial and secondary markets” and a minimum guaranteed payment “to be apportioned over five license periods.” The parties agreed that the minimum guaranteed payment would be paid “regardless of how many sales occur or how much revenue is generated.”