> For the complete documentation index, see [llms.txt](https://3rdunit.gitbook.io/3rd-unit-litepaper-december-2024/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://3rdunit.gitbook.io/3rd-unit-litepaper-december-2024/5.-product/standardized-tokenized-ip-assets.md).

# Standardized (tokenized) IP assets

Following a successful vetting process, creators (or a group of creators) enter a legal agreement with 3RD UNIT, which establishes the foundation for asset tokenization.

The digital assets IP contract covers several critical aspects:

* **Concept authorship and copyright:** credits the original authorship and copyright from the inception stage honoring the initial creators and giving space for new contributors
* **Future development rules:** outlines the initial rules and guidelines for IP property development, including financial resource allocation for pre-production stage
* **Governance, oversight and accountability structure:** details the governance model and executive production framework, outlines scenarios for IP success, plateau or sunsetting
* **IP rights framework:** defines the rights for acquiring value from new co-creators, shared authorship, royalties and fractional ownership
* **Growth and reward framework:** sets the terms for financial incentives (royalties, and rewards)

We plan to offer a range of digital assets with various utilities, which may include, but are not limited to:

* Fractional ownership (securitized royalties)
* Membership passes
* Collectible assets
* Playable assets (experience-enhancing)
* Consumer products in digital form

Additionally, we plan to operate as a **multi-chain ecosystem**, which means adjusting to the specific opportunities that each IP property or blockchain ecosystem offer at a given time.