Cha & Kwon Law Offices examined a Purchasing Agent Contract for virtual assets. Company “A” visited Cha & Kwon Law Offices to revise the details of an existing contract, such as the unit and payment schedule of performance remuneration, due to the recent price drop of Terra and Luna.

To satisfy both parties to the contract, Cha & Kwon Law Offices coordinated a reasonable revision to the contract, including establishing a standard to calculate performance remuneration. In drafting a virtual asset contract, as such, it is important to carefully coordinate the terms of the contract, which may cause sharp conflicts otherwise, and to draw a legal conclusion that both parties can agree on. As the virtual asset industry has not yet established a complete legal framework, currently being liable to experience various legal disputes, it is essential to consult with experts on forming legal contracts.

Consult with Cha & Kwon Law Offices to safely adjust to the rapidly changing virtual asset market, as well as to minimize legal risks.