Cha & Kwon Law Offices advised on the structuring and drafting of a supply agreement between an overseas entity and a domestic sole proprietor, where virtual assets were used as the payment method for goods supplied.
 
The transaction was designed as a framework agreement establishing core rights and obligations, with specific quantities, pricing, and delivery terms to be determined through individual purchase orders. Key legal considerations arose from the use of virtual assets as consideration and the involvement of third-party manufacturers and logistics partners, requiring careful allocation of responsibility and risk.
 
During the drafting process, Cha & Kwon Law Offices structured the agreement to address the hierarchy between the framework agreement and individual orders, the legal characterization of virtual asset payments and fee allocation, delivery and risk transfer in third-party involvement, linkage between payment and title transfer, party status definitions to avoid agency or brokerage mischaracterization, and governing law and dispute resolution mechanisms.
 
As a result, the firm provided a contract structure that clearly reflected the unique characteristics of virtual asset payments and multi-party supply chains, while offering a scalable framework suitable for recurring transactions.