Legal Review of Decentralized Blockchain Software Contracts

Blockchain-related software development contracts for the delivery of decentralized financial services underwent legal scrutiny by Cha & Kwon Law Offices.

Software that makes use of blockchain cannot be substituted by more traditional software because it must adhere to certain technological requirements. A software development contract is therefore not fungible. It is crucial to carefully consider whether the project owner specifically requested the required performance and function at the contract stage in the event of a legal dispute in a software development contract.

Additionally, individual and professional judgment are needed to determine the extent of liability, attributable causes, and the extent of the damages if it is determined that the software has a significant flaw and does not perform up to the performance standards that are generally accepted by common sense.

Seek legal consulting from Cha & Kwon Law Offices before beginning a virtual asset firm to carefully evaluate contracts and agreements with attorneys with extensive expertise and experience in the blockchain sector.