Signing the NRT Agreement
After the project passes verification, the Primary Contact will sign the NRT Agreement. The NRT agreement is a 10 year commitment to update farm records each year and verify at least every three years. The agreement also allows the Primary Contact to set their own price to sell the NRT (currently at $15 / NRT) and commit to sell at least 15% of their NRTs on the Nori Marketplace. Up to 85% of the NRTs can be listed on another marketplace. The agreement is in place to ensure the carbon remains in the ground for the duration of the contract (though there are clauses for events due to weather, etc). After the NRT agreement is signed, NRTs will be issued and able to be sold on the Nori Marketplace.