LPO
2025.04.17
Legal Advisory Secures SAFT Transfer and Token Listing
Service area
Managing Partner Ohoon Kwon at Cha & Kwon Law Offices provided structural design advice on a SAFT (Simple Agreement for Future Tokens) transfer, paving the way for the project’s planned token listing.
Startup Company A sought to assign its SAFT to Company B, a KOSDAQ‑listed firm, while minimizing virtual‑asset compliance risk. Attorney Kwon restructured the agreement so that either party could terminate the contract only in the event of a clear breach, specifically, non‑payment, and restore it once the breach was cured. He also ensured that, in such a case, Company B would indemnify Company A for any resulting loss, shielding stakeholders from potential damages.
The revised terms satisfied both companies and kept the token listing on schedule. By balancing regulatory expectations with market realities, Cha & Kwon Law Offices delivered a contract framework that met the client’s twin goals of safeguarding funds and managing risk.
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