The parties found themselves embroiled in a dispute that threatened to shatter their mutual trust and leave everyone caught up in the mix unsatisfied and upset. The buyer, an enthusiastic artist, had purchased an NFT that showcased a captivating digital artwork.
Eager to utilize the artwork for merchandise, the buyer assumed that the purchase came with full intellectual property (IP) rights. Little did she know that in all the small print, the seller’s platform’s Terms of Service (TOS) explicitly stated that IP rights would remain with the seller.
As the realization dawned upon the buyer, frustration and disappointment filled her heart. She longed to harness the full creative potential of the artwork and feared her investment would be wasted. DMs were sent back and forth and as the finger pointing increased, each person began threatening litigation to the other.
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Embrace your distinctiveness! Feel free to approach situations and challenges from your own unique perspective. This can give you a fresh angle to reassess obstacles and keep the energy of discussions alive and flowing.
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Negotiation isn’t a skill exclusive to diplomats or CEOs, it’s an art form we utilize daily. Whether you’re securing a lucrative business contract or choosing the next family getaway, every dialogue presents a chance for negotiation.
These proven mediation and negotiation tips have worked well for me over the last 35 years. They have also been extremely effective in several recent Web 3.0 and the Metaverse transactions we’ve helped clients with. Hopefully you’ll find value in these approaches too.