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Digital Asset Purchase Agreement

Digital Asset Purchase Agreement Template for India

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Key Requirements PROMPT example:

Digital Asset Purchase Agreement

"I need a Digital Asset Purchase Agreement for selling my company's NFT collection to a corporate buyer in March 2025, with specific provisions for royalty payments and ongoing technical support."

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Document background
The Digital Asset Purchase Agreement is essential for transactions involving digital assets in India, including but not limited to cryptocurrencies, NFTs, digital art, software licenses, and other digital properties. This document is crucial when parties need to formalize the transfer of digital assets while ensuring compliance with Indian regulations, particularly the Information Technology Act, 2000, and related cyber laws. It should be used whenever there is a need to document the terms of a digital asset sale, specify technical requirements, establish ownership rights, and outline the transfer process. The agreement includes comprehensive provisions for regulatory compliance, technical specifications, security protocols, and risk allocation, making it suitable for both business-to-business and business-to-consumer transactions in the digital space.
Suggested Sections

1. Parties: Identification of buyer and seller with complete details including registration numbers and addresses

2. Background: Context of the transaction and brief description of the digital assets being transferred

3. Definitions: Detailed definitions of technical terms, digital asset specifications, and other key terms used in the agreement

4. Subject Matter: Detailed description of the digital assets being purchased and their specifications

5. Purchase Price and Payment Terms: Details of consideration, payment method, currency, and payment schedule

6. Transfer Mechanics: Process and procedure for transferring the digital assets, including technical requirements

7. Representations and Warranties: Warranties regarding ownership, authenticity, and condition of digital assets

8. Seller's Obligations: Obligations including delivery, technical support, and documentation

9. Buyer's Obligations: Obligations including payment, compliance with transfer requirements

10. Closing Conditions: Conditions precedent to the transfer of digital assets

11. Risk and Title: Transfer of risk and ownership of the digital assets

12. Confidentiality: Provisions for maintaining confidentiality of transaction details and technical information

13. Term and Termination: Duration of agreement and circumstances for termination

14. Governing Law and Jurisdiction: Applicable law and jurisdiction for dispute resolution

15. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Intellectual Property Rights: Required when digital assets include or involve intellectual property rights

2. Technical Support and Maintenance: Include when ongoing technical support is part of the transaction

3. Regulatory Compliance: Required for regulated digital assets or when specific compliance requirements apply

4. Data Protection: Include when personal data is involved in the digital assets

5. Security Requirements: Required when specific security protocols need to be followed

6. Integration Services: Include when seller provides integration support for the digital assets

7. Training: Required when training services are part of the purchase

8. Escrow Arrangements: Include when using escrow services for the transaction

9. Third Party Rights: Required when third party software or services are involved

Suggested Schedules

1. Schedule 1 - Digital Asset Specifications: Detailed technical specifications of the digital assets

2. Schedule 2 - Transfer Protocol: Technical protocol for transferring the digital assets

3. Schedule 3 - Acceptance Testing: Criteria and procedures for acceptance testing of digital assets

4. Schedule 4 - Security Requirements: Detailed security requirements and protocols

5. Schedule 5 - Service Level Agreement: SLA terms if ongoing support is included

6. Appendix A - Technical Documentation: User manuals and technical documentation

7. Appendix B - Compliance Certificates: Relevant regulatory compliance certificates

8. Appendix C - License Terms: Third-party license terms if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions











































Clauses




































Relevant Industries

Technology

Financial Services

Digital Media

Gaming

Entertainment

E-commerce

Cryptocurrency

NFT Marketplaces

Digital Art

Software Development

Consulting

Banking

Investment Management

Digital Publishing

Virtual Reality

Artificial Intelligence

Relevant Teams

Legal

Information Technology

Finance

Compliance

Digital Operations

Procurement

Risk Management

Information Security

Digital Assets

Treasury

Relevant Roles

Chief Technology Officer

Digital Assets Manager

Legal Counsel

Compliance Officer

Chief Financial Officer

Digital Operations Manager

Procurement Manager

IT Director

Digital Rights Manager

Risk Manager

Contract Administrator

Digital Asset Trader

Technology Procurement Specialist

Information Security Officer

Digital Portfolio Manager

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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