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Custom contracts

Contracts for Crypto and Blockchain Businesses

Your business contract is your company’s single most important document, as a practical matter.  The crypto lawyers at Whale.Law draft custom general contracts for blockchain businesses to:

  • Define expectations between the parties

  • Define what happens when things go right

  • Maximize profits

  • Minimize losses

  • Limit risk

  • Specify how the parties will deal with problems when things go wrong

  • Avoid regulatory problems

  • Avoid lawsuits

  • Limit the cost of unavoidable lawsuits

  • Save time

  • Limit ambiguity

  • Increase business value

Contents of General Contracts in Crypto

Contracts for Blockchain businesses must cover a number of topics. Here is a list of the major necessary terms:

  • Specify: who are the parties

  • What is the contact information of each party

  • How is contact information changed

  • Specify: who controls what is agreed to or changed (single persons, entities, groups/teams, trusts, agents/lawyers)

  • A list of all agreements between the parties

  • That you are replacing all old, outdated agreements

  • How money (value) is exchanged between the parties

  • How power is transferred if the parties change

  • Who has the power to bind (obligate) the parties

  • What happens if someone dies/disappears/is replaced?

  • What documents are needed for various types of changes

  • How the parties deal with money and assets held on behalf of the other party

  • What documents are provided to the other party

  • What events require the other party to be notified

  • How notifications will occur

  • What happens if a notification fails

  • How the information of the parties and their relations will be shared with third parties

  • What the parties will not do

  • What is each party guaranteeing?

  • How money and assets will be transferred when the obligation arises

  • What happens when one party makes a mistake/error

  • Who has the obligation for regulatory disclosure

  • What are the security obligations of each party

  • What happens if either party gets sued over their business relationship

  • Who makes the business decisions relating to the business relationship between the parties (strategy & tactics)

  • What happens if one party is negligent? (liability, release, and reimbursement)

  • The circumstances in which one party can end the business relationship

  • Tax implications and responsibility

  • How disputes will be resolved (lawsuits, venue, arbitrations, limitations on awards, attorney’s fees, costs, liquidated damages)

How much will your business improve with contracts customized to your risks and profit?

Let's talk. We can compare the cost of contracts customized to your needs to the risks you take without them. 

You will then be in a position to make an informed executive decision. 

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Trial lawyer Matt Hamilton graduated from the University of Missouri in 1995 with Science degrees in Logistics, Marketing, and Business Administration.  Juris Doctor, 1999.