[Investment] Blockchain Company Investment, SAFTE Contract Legal Review
Article posted in 2023-08-02 11:57:58 | VEAT
Law firm Veat reviewed the SAFTE (Simple Agreement for Future Tokens and/or Equity) agreement commissioned by A Company, a DeFi blockchain company.
With the development of blockchain technology and the growth of companies based on it, the need for professional legal review of newly emerged contract forms has increased.
This SAFTE agreement is a contract form that includes a synthetic element of SAFT (Simple Agreement for Future Tokens) and SAFE (Simple Agreement for Future Equity), in which investors receive the right to acquire virtual currency (tokens) issued by the invested company in the future alongside equity investment. In particular, foreign investors tend to prefer investments that include equity investment in SAFE form and the right to acquire virtual currency.
Law firm Veat carefully considered the legal risks of the invested company by paying close attention to the conversion method, the scope of issuance of virtual currency, and various related clauses.
Due to the complex content and unique characteristics of this contract, meticulous review and interpretation are necessary. Therefore, carefully examine the contract with a lawyer who understands ‘investment legal advice’ and ‘blockchain technology’ and…
Law firm Veat is a ‘IT-specialized’ law firm with a large number of engineers (‘IT specialists’), which has been introduced as a ‘top law firm to watch in the technology-based startup advisory sector’ in ‘THE LEGAL 500’, and provides advisory and consulting services to various blockchain-based businesses, incorporating the know-how gained from advising various blockchain service industries.
If you need a professional legal review of complex contracts such as SAFTE or legal advice on blockchain business, please contact Law firm Veat.