What should I take note of when purchasing an NFT?
You should read the terms and conditions relating to the NFT carefully. These can usually be found in the terms of sale and terms of the platform provider. The metadata of the NFT may also provide an indication but you will have to verify if these are intended to have contractual effect.
These terms may specify the IP rights that you will receive, and set out what you can and cannot do with the NFT and the underlying digital asset. If you have any doubts, you should confirm your understanding with the issuer or holder of the NFT (as the case may be) prior to purchasing the NFT.
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