This agreement confirms that User A is transferring ownership of a registered asset to User B.

The purpose of this transfer is to permanently assign ownership of the registered digital or physical asset to the new owner after successful verification, payment, and completion of the MCC transfer process.

This is not a temporary access agreement. The transfer gives the new owner ownership of the registered asset according to the selected license terms attached to the asset.

Once completed, User B becomes the current owner of the asset. User A no longer owns the asset and remains only as part of the asset's historical ownership record.

Before a transfer can begin, User A must upload and verify the complete registered asset package.

User A must provide:
1. The original file.
2. The PAY ownership file containing ownership information.
3. The matching sidecar verification key.

Example:
Original file: flower.png
Registered PAY ownership file: flower.PAY.png
Sidecar: flower verification key.json

The MCC system verifies that all files belong together before ownership transfer can proceed.

Before the transfer is finalized, the MCC transfer contract displays a preview thumbnail of the asset being transferred.

The transfer record displays:

• Asset thumbnail.
• Asset name.
• File type.
• File size.
• Matrix Code ID.
• Current owner MCC ID.
• New owner MCC ID.
• PAY ownership information.
• Registration category.
• License type.
• Transfer date.

The preview allows both parties to confirm the exact asset being transferred.

User A must prove ownership by providing:

• The original registered asset.
• The matching PAY file.
• The sidecar verification key.
• A valid MCC ID.

The MCC system verifies that User A is the current registered owner before allowing transfer.

Without the correct registered asset package, the transfer cannot be completed.

User B must have:

• A valid MCC ID.
• A verified MCC account.
• Payment approval.

The new owner may purchase the registered asset using approved payment methods, including:

• USD currency.
• MCoin currency.

After payment and verification, ownership transfer is completed.

When ownership changes, the MCC system creates a new PAY ownership layer.

Example:
Original file: flower.png
First ownership registration: flower.PAY.png
After transfer to User B: flower.PAY.PAY.png

The additional PAY extension represents another verified ownership layer.
The previous owner information remains stored within the ownership history.
The new PAY file identifies the newest verified owner.

After transfer completion, User B receives a new sidecar verification key.

The new sidecar is connected to:

• The updated PAY file.
• The new owner's MCC ID.
• The Matrix Code.
• The updated ownership record.

The previous owner's sidecar is no longer valid for current ownership verification.
The old sidecar may remain as part of the historical transfer record but cannot prove current ownership.

After successful transfer, User B becomes the recognized owner of the registered asset.

The new owner may:

• Store the asset.
• Display the asset.
• Trade the asset.
• Sell the asset.
• Transfer ownership.
• Manage the asset according to the transferred license.

The new owner purchased ownership of the registered asset, not merely access to a copy.

If the transferred license grants full ownership rights, the new owner may create creative derivatives, modifications, adaptations, or new works based on the asset.

The new owner has the authority to use the asset creatively because ownership has been transferred.

However, derivative rights depend on the license attached to the asset.

If the asset has a shareable license instead of a full ownership license, the new owner receives only the rights granted by that license.

A shareable license does not automatically grant permission to:

• Recreate the work.
• Modify the original work.
• Produce derivative works.
• Use the work commercially beyond the granted terms.

To obtain full ownership rights or derivative rights, the user must acquire those rights from the original creator or current rights holder.

This document functions as a formal, legally binding transfer of ownership for a unique, one-of-one digital asset, establishing a permanent record of acquisition and transfer history within the MCC registry system.

Rather than granting access to a copy, it formally assigns ownership rights to the buyer, including the authority to display, trade, sell, or transfer the original asset.

The selected license determines additional rights, including modification and derivative creation rights.

Unauthorized copying, reproduction, training use, or modification of the work is prohibited unless specifically allowed by the transferred license.

After successful transfer, User B receives:

• Ownership transfer receipt.
• Updated PAY ownership file.
• New sidecar verification key.
• Digital asset license.
• MCC ownership record.

These documents confirm the completed transfer.

The asset maintains a permanent ownership history.

The record may include:

• Original creator.
• Previous owners.
• Current owner.
• MCC IDs.
• Transfer dates.

Previous owners remain recorded as historical owners only.
Historical ownership does not provide current ownership control.

By signing this agreement:

User A confirms that they are voluntarily transferring ownership of the registered asset and understand that they will no longer be the current owner after completion.

User B confirms that they understand they are receiving ownership of the registered asset, including the updated PAY ownership file, sidecar verification key, receipt, and applicable license rights.

Both parties acknowledge that the MCC ecosystem preserves the asset's history while recognizing the newest verified owner as the current owner.