Terms of service and legal warranties are executed on each transfer of the NFT otherwise the NFT buyer has only statutory legal rights. Those people are being paid by the new buyer of the NFT specifically to give them some real confidence in what they are buying, because the Certifiers are putting their assets on the line to back the promises made to the NFT purchaser.
If the issuer no longer exists you wind up in court claiming title to the land by virtue of having paid for it - and you'd be dealing (likely) with receivers or other people involved in bankruptcy proceedings. These are anticipated contingencies in the contracts we use.
Tested only occurs when a litigation happens. If the system is smooth and reliable, we could see 200 transactions before litigation. However, good lawyers read the contracts, make a risk assessment, and decide whether or not to proceed.
The contracts we use do pass review with good lawyers. These systems are fit for purpose, and a close legal review will satisfy most prospective purchasers of that fact.
If the issuer no longer exists you wind up in court claiming title to the land by virtue of having paid for it - and you'd be dealing (likely) with receivers or other people involved in bankruptcy proceedings. These are anticipated contingencies in the contracts we use.
Tested only occurs when a litigation happens. If the system is smooth and reliable, we could see 200 transactions before litigation. However, good lawyers read the contracts, make a risk assessment, and decide whether or not to proceed.
The contracts we use do pass review with good lawyers. These systems are fit for purpose, and a close legal review will satisfy most prospective purchasers of that fact.