System for facilitating the creation of an intellectual property (ip) license agreement

A method for facilitating the creation of an intellectual property (IP) license agreement associated with an IP token, the method comprising the steps of:

• creating, by a backend application module, a first IP license agreement template;
• enabling, by a marketplace module, a first user to purchase a first IP token, wherein the first IP token is associated with a first IP Owner;
• authenticating, by a licensing module, the first user using details associated with a first user crypto-wallet;
• verifying, by the licensing module, the presence of the first IP token in the first user crypto-wallet using a first IP token metadata;
• receiving, by the licensing module, first set of information from the first user;
• creating, by the backend application module, a Ready-to-Sign (RtS) first IP license agreement based on the first IP license agreement template, the first IP token metadata, and the first set of information;
• receiving, by a document signing module, digital signatures of the first IP Owner and the first user on the RtS first IP license agreement;
• and
• enforcing, by a smart contract module, a first IP license agreement, wherein duly signed RtS first IP license agreement is considered the first IP license agreement.