Drafting overseas partnership agreements and providing legal advice.

Law firm Veat received a request from a Web3 company (hereinafter referred to as "Client") and provided drafting and legal advisory services for an overseas partnership agreement.

​Law firm Veat’s blockchain advisory team meticulously specified the development and construction conditions of the token distribution system in the agreement, considering factors that could affect technical requirements and implementation schedules in terms of investment and operation.

​Furthermore, Law firm Veat’s blockchain advisory team detailed the conditions for the overseas partner to have the right to the distribution of tokens and clearly defined the profit distribution structure and payment structure, along with the rights and obligations of both parties, to minimize the possibility of future legal disputes.

Points to consider comprehensively when drafting an overseas partnership agreement

An overseas partnership agreement must comply with the laws of both parties’ countries, and particularly in the Web3 field, legal review of complex technology is required. 

Firstly, because the laws of the countries where the partnership is formed differ regarding parts regulated by various laws, such as contractual conditions and intellectual property rights, both parties must comply with their respective laws and international law.

​Moreover, in negotiations with partners from different cultural backgrounds, the business practices and communication styles of both parties may differ.

​Secondly, it is necessary to clearly define each partner's goals and expectations, as they may differ, and various risk factors must be considered in advance.

​Therefore, it is advisable to consult with a legal expert who has experience handling various matters such as overseas partnerships, investment, and corporate law, who understands the multinational legal environment and can establish effective negotiation strategies based on expertise in international contract law, in order to manage investment and legal risks and prevent legal disputes in advance.

Law firm Veat professionally handles the important and complex elements of overseas partnership agreements and assists clients in ensuring the successful execution of their overseas partnerships.