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Terms of Use

Introduction

AthleteGEM™ provides a digital marketplace where athletes can monetize their intellectual property (IP) by licensing their name, image, and likeness for use on natural diamonds.

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Trademark and Partnership Disclaimer

Important Note: All trademarks, logos, and brand names appearing on this website are the property of their registered owners and are used for program demonstration purposes only. AthleteGEM™ is not an official partner with universities, athletic organizations, or individual athletes unless explicitly stated in writing.

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Platform Purpose

  • Provide a marketplace for athletes to license their IP.

  • Enable diamond purchases featuring athlete-approved IP.

  • Facilitate direct compensation for athlete brand use.

 

Athlete Participation

 

Eligibility

  • Must be a current or former athlete.

  • Must have the legal right to license personal IP.

  • Must be of legal age to enter contracts (or have guardian consent).

 

IP Licensing

  • Athletes are compensated for their IP.

  • Athletes retain control over how their IP is used on diamonds.

  • Licensing applies specifically to natural diamond designs.

 

Payment Terms

 

Compensation is based on:

  • Licensing fee.

  • Percentage of diamond sales.

  • Negotiated terms per athlete.

 

Payments are processed in U.S. dollars, and athletes are responsible for personal tax reporting.

 

Customer Interaction

  • Browse athlete-licensed diamond designs.

  • Purchase diamonds featuring athlete IP.

  • Transparent pricing is displayed before purchase.

 

Platform Responsibilities

  • Provide a secure transaction platform.

  • Verify athlete identity and IP rights.

  • Facilitate fair compensation.

  • Protect athlete and customer data.

 

Intellectual Property Protection

  • Athletes maintain ownership of their IP.

  • Limited, specific licensing rights are granted.

  • No transfer of permanent IP ownership.

 

Limitation of Liability

 

AthleteGEM™ provides marketplace services only and is not responsible for:

  • Disputes between athletes and customers.

  • Disputes between athletes and NIL Collectives.

  • Disputes between athletes and universities.

  • Disputes between NIL Collectives and universities.

 

Indemnification

 

You agree to defend, indemnify, and hold harmless AthleteGEM™, its subsidiaries, affiliates, and all respective officers, agents, partners, and employees, from and against any loss, damage, liability, claim, or demand, including reasonable attorneys’ fees, arising out of or related to:

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  1. Your use of the platform and services.

  2. Your breach of these Terms of Use.

  3. Your violation of any third-party rights, including intellectual property rights.

  4. Any harmful act directed toward another user of the platform. AthleteGEM™ reserves the right, at your expense, to assume exclusive defense and control of any matter for which you are required to indemnify us and will notify you of any such claim.

 

Confidentiality

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You agree to keep confidential all proprietary and non-public information obtained from or about AthleteGEM™. “Confidential Information” includes but is not limited to:

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  • Business processes, technologies, and operations.

  • Details about platform functionality or design.

  • Any other non-public information provided by AthleteGEM™. You will use reasonable efforts to protect Confidential Information and agree to return or destroy such information upon request. AthleteGEM™ may seek injunctive relief for any breach of confidentiality obligations. These obligations survive termination of these Terms.

 

Dispute Resolution

  • Governed by Arkansas law.

  • Disputes are resolved in Benton County, Arkansas.

 

Terms Modification

 

AthleteGEM™ reserves the right to modify marketplace terms. Continued platform use implies acceptance of updated terms.

 

Contact

For support, contact: info@athletegem.com

Last Updated: December 11, 2024

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