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Distribute Royalty Tokens During IP Registration #122

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sebsadface opened this issue Nov 20, 2024 · 0 comments
Open

Distribute Royalty Tokens During IP Registration #122

sebsadface opened this issue Nov 20, 2024 · 0 comments
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enhancement New feature or request

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@sebsadface
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Description and context

We want to implement a feature to distribute royalty tokens for an IP among collaborators based on predefined percentages. This enables collaborators to share the rights to claim future royalties or revenues generated by the IP and facilitates further distribution.
This feature adds value by automating the process of allocating royalty rights at the time of IP registration, simplifying collaboration agreements, and enhancing transparency.

Suggested solution

Introduce a new workflow contract to support the following functions:

  • registerIPAndAttachLicenseTermsAndDistributeRoyaltyTokens
  • registerDerivativeAndAttachLicenseTermsAndDistributeRoyaltyTokens
  • mintAndRegisterIPAndAttachLicenseTermsAndDistributeRoyaltyTokens
  • mintAndRegisterDerivativeAndAttachLicenseTermsAndDistributeRoyaltyTokens

Each function will:

  1. Register the IP or its derivative.
  2. Attach the necessary licensing terms.
  3. Distribute royalty tokens among collaborators based on the agreed percentages.
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