What This Crypto Custody Agreement Template Covers

This crypto custody agreement template is designed to help individuals and businesses securely store their cryptocurrency assets. It includes essential clauses such as the parties involved, recitals, custody terms, and the obligations of both the custodian and the client. By utilizing this template, users can ensure compliance with relevant regulations while safeguarding their digital assets.

When to Use a Cryptocurrency Custody Contract

This cryptocurrency custody contract is ideal for various scenarios. For instance, businesses looking to manage large amounts of cryptocurrency can benefit from clear custody terms that outline responsibilities and liabilities. Additionally, individual investors seeking a secure method to store their digital assets will find this template valuable for establishing a formal agreement with a custodian.

What's Included in This Digital Asset Custody Agreement

• Parties: Clearly identifies the client and custodian, providing full names and addresses.
• Recitals: Sets the context and purpose of the agreement, ensuring all parties understand their roles.
• Custody Terms: Outlines the specific terms under which the custodian will hold and manage the cryptocurrency assets.
• Obligations of the Custodian: Details the responsibilities of the custodian, including security measures and reporting requirements.
• Obligations of the Client: Specifies what is expected from the client, including payment terms and compliance with regulations.
• Termination: Provides conditions under which the agreement can be terminated, including notice and cure periods.

Key Crypto Asset Management Template Provisions

• Payment Terms: Clearly defines how and when payments will be made, ensuring transparency between parties.
• Late Payment Penalties: Establishes penalties for late payments, protecting the custodian's interests.
• Governing Law: Identifies the legal framework that governs the agreement, which is crucial for dispute resolution.
• Arbitration Body: Specifies the arbitration body to be used in case of disputes, providing a clear path for resolution.

Disclaimer: This template is for informational purposes only and does not constitute legal advice.