Cryptocurrency clause: Copy, customize, and use instantly
Introduction
A cryptocurrency clause establishes the terms and conditions under which cryptocurrency can be used in a contract. It typically addresses payment methods, valuation, compliance with regulations, and associated risks. This clause is essential for contracts involving modern financial instruments, ensuring clarity and legal enforceability.
Below are templates for cryptocurrency clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
Standard cryptocurrency payment clause
This variation applies to agreements allowing cryptocurrency as a standard payment method.
Payments under this Agreement may be made in [specific cryptocurrency, e.g., Bitcoin, Ethereum] to the digital wallet address designated by the receiving party. Payment is considered complete once the transaction is confirmed on the blockchain.
Cryptocurrency valuation clause
This variation applies to agreements addressing value determination.
The value of any cryptocurrency payment under this Agreement shall be determined based on the exchange rate published by [specific platform, e.g., Coinbase, Binance] at the time of payment initiation. Any exchange rate fluctuations after initiation shall not affect the payment obligation.
Cryptocurrency compliance clause
This variation applies to agreements requiring adherence to regulations.
Both parties agree to comply with all applicable laws and regulations related to the use of cryptocurrency in this Agreement, including anti-money laundering (AML) and know-your-customer (KYC) requirements. Proof of compliance may be requested by either party.
Cryptocurrency risk assumption clause
This variation applies to agreements allocating cryptocurrency risks.
The paying party assumes all risks associated with cryptocurrency payments, including value fluctuations, network delays, and transaction fees. The receiving party shall not be held liable for losses arising from such risks once the payment is confirmed.
Cryptocurrency refund clause
This variation applies to agreements involving cryptocurrency refunds.
Any refunds issued under this Agreement shall be processed in the original cryptocurrency used for payment. The refunded amount shall be equivalent to the cryptocurrency value at the time of the original transaction, regardless of subsequent fluctuations.
Cryptocurrency escrow clause
This variation applies to agreements requiring cryptocurrency payments through escrow.
Payments under this Agreement shall be made in [specific cryptocurrency] and held in an escrow account managed by [specific escrow provider]. Funds will be released to the receiving party upon confirmation of the fulfillment of contractual obligations.
Cryptocurrency transaction fee clause
This variation applies to agreements addressing transaction fees.
Any transaction fees associated with cryptocurrency payments under this Agreement shall be borne by the paying party. The receiving party will receive the full agreed-upon amount net of such fees.
Cryptocurrency wallet verification clause
This variation applies to agreements requiring wallet verification.
The paying party must verify the receiving party's wallet address before initiating any cryptocurrency transactions under this Agreement. Any payments sent to an incorrect wallet address due to the paying party's failure to verify shall remain the paying party's responsibility.
Cryptocurrency payment deadline clause
This variation applies to agreements specifying deadlines for cryptocurrency payments.
Payments in cryptocurrency under this Agreement must be completed within [specific time frame, e.g., 24 hours] of the payment request. Any delays may result in penalties or contract termination, as determined by the receiving party.
Cryptocurrency volatility adjustment clause
This variation applies to agreements addressing volatility.
If the cryptocurrency value fluctuates by more than [specific percentage] between the payment initiation and confirmation times, the paying party agrees to make an additional payment to account for the shortfall or receive a refund for the excess amount, as applicable.
Cryptocurrency security clause
This variation applies to agreements ensuring transaction security.
Both parties agree to use secure wallets and implement best practices for safeguarding cryptocurrency transactions, including two-factor authentication and encryption. Neither party shall be held liable for losses due to the other's failure to implement adequate security measures.
Cryptocurrency invoice clause
This variation applies to agreements requiring detailed invoices.
All cryptocurrency payments under this Agreement shall be accompanied by an invoice specifying the amount in both cryptocurrency and its fiat equivalent at the time of issuance. The invoice must include the recipient's wallet address and transaction reference details.
Cryptocurrency force majeure clause
This variation applies to agreements addressing blockchain disruptions.
In the event of a blockchain network failure or other force majeure event affecting cryptocurrency transactions, the parties agree to delay payment obligations until the issue is resolved. Neither party shall be held liable for delays caused by such events.
Cryptocurrency partial payment clause
This variation applies to agreements allowing partial payments in cryptocurrency.
Payments under this Agreement may be made partially in cryptocurrency and partially in fiat currency. The allocation must be agreed upon in writing by both parties before the payment is initiated.
Cryptocurrency jurisdiction clause
This variation applies to agreements specifying legal jurisdictions.
Any disputes arising from cryptocurrency payments under this Agreement shall be governed by the laws of [specific jurisdiction]. Both parties agree to adhere to the cryptocurrency regulations applicable in this jurisdiction.
Cryptocurrency wallet change notification clause
This variation applies to agreements requiring notice for wallet changes.
Either party must provide written notice at least [specific number] days in advance of any changes to their cryptocurrency wallet address. Payments made to an outdated wallet address due to failure to notify shall remain the responsibility of the receiving party.
Cryptocurrency late payment clause
This variation applies to agreements penalizing late payments in cryptocurrency.
Cryptocurrency payments not completed within the agreed-upon time frame shall incur a penalty of [specific percentage] of the payment amount per [specific time unit, e.g., day]. The penalty shall be payable in cryptocurrency or fiat currency, as determined by the receiving party.
Cryptocurrency multi-signature wallet clause
This variation applies to agreements requiring multi-signature wallets.
All cryptocurrency transactions under this Agreement must be conducted using a multi-signature wallet requiring authorization from both parties. This ensures mutual control over funds and reduces the risk of unauthorized transactions.
Cryptocurrency contract termination clause
This variation applies to agreements defining termination conditions.
Either party may terminate this Agreement if the other fails to comply with the cryptocurrency payment terms, including but not limited to incorrect wallet addresses or failure to pay transaction fees. Written notice of termination must be provided.
Cryptocurrency conversion clause
This variation applies to agreements involving cryptocurrency-to-fiat conversions.
The paying party may opt to convert cryptocurrency payments to fiat currency at their own expense before remittance. The converted amount must equal the agreed-upon payment amount in fiat currency at the time of conversion.
Cryptocurrency dispute resolution clause
This variation applies to agreements involving payment disputes.
Any disputes related to cryptocurrency payments under this Agreement shall be resolved through [specific method, e.g., arbitration, mediation]. Both parties agree to use blockchain transaction records as evidence during dispute resolution.
Cryptocurrency recurring payment clause
This variation applies to agreements requiring recurring payments in cryptocurrency.
Payments under this Agreement shall be made in cryptocurrency on a recurring basis, with [specific frequency, e.g., monthly, annually]. The paying party must ensure sufficient funds in their wallet before the scheduled payment dates.
Cryptocurrency smart contract clause
This variation applies to agreements using smart contracts for payments.
Payments under this Agreement shall be automated using a smart contract deployed on [specific blockchain platform, e.g., Ethereum]. The smart contract shall handle payment triggers and release funds upon fulfillment of pre-defined conditions.
Cryptocurrency refund due to fraud clause
This variation applies to agreements addressing fraudulent transactions.
If a cryptocurrency payment is determined to be fraudulent, the receiving party agrees to refund the full amount within [specific number] days. Both parties must cooperate to investigate and resolve the fraudulent activity.
Cryptocurrency prepayment clause
This variation applies to agreements requiring prepayments in cryptocurrency.
The paying party shall remit [specific percentage or amount] of the total payment in cryptocurrency as a prepayment. This amount will be deducted from the final balance due, and the prepayment is non-refundable unless otherwise agreed in writing.
Cryptocurrency escrow refund clause
This variation applies to agreements outlining refund terms for escrowed cryptocurrency.
If the conditions for escrow release are not met within [specific time frame], the cryptocurrency held in escrow shall be refunded to the paying party, less any applicable fees. Both parties must provide written consent for the refund.
Cryptocurrency staking clause
This variation applies to agreements requiring cryptocurrency staking.
Payments under this Agreement may include staking [specific cryptocurrency] for [specific duration]. The staked cryptocurrency shall be held in a verified wallet, and staking rewards shall belong to the receiving party unless otherwise agreed.
Cryptocurrency installment adjustment clause
This variation applies to agreements adjusting installments based on cryptocurrency value.
Cryptocurrency installment payments under this Agreement shall be adjusted if the cryptocurrency’s value fluctuates by more than [specific percentage] between the time of agreement and the payment date. Adjustments shall ensure the equivalent fiat value is maintained.
Cryptocurrency wallet transfer fee clause
This variation applies to agreements addressing transfer fees between wallets.
Any fees associated with transferring cryptocurrency between wallets shall be borne by the paying party. The receiving party must ensure their wallet supports the specific cryptocurrency to avoid additional costs.
Cryptocurrency settlement time clause
This variation applies to agreements specifying settlement times.
Cryptocurrency payments under this Agreement must be initiated during [specific hours or time zone] to ensure timely processing. Payments initiated outside this window may result in delayed confirmation and potential penalties.
Cryptocurrency batch payment clause
This variation applies to agreements involving batch cryptocurrency transactions.
Payments under this Agreement may be consolidated and sent as a batch transaction to minimize network fees. Each payment in the batch must include detailed documentation for identification and reconciliation.
Cryptocurrency no-chargeback clause
This variation applies to agreements prohibiting chargebacks.
Cryptocurrency payments under this Agreement are final and non-reversible once confirmed on the blockchain. The paying party waives the right to initiate any chargebacks or disputes related to completed transactions.
Cryptocurrency deferred payment clause
This variation applies to agreements allowing deferred cryptocurrency payments.
Cryptocurrency payments under this Agreement may be deferred for up to [specific number] days, subject to prior written approval by the receiving party. Deferred payments shall incur interest at a rate of [specific percentage] per annum, payable in cryptocurrency.
Cryptocurrency peer-to-peer payment clause
This variation applies to agreements requiring peer-to-peer transactions.
All cryptocurrency payments under this Agreement shall be conducted peer-to-peer without intermediaries. The paying party must verify the receiving party’s wallet address before initiating the transaction.
Cryptocurrency payment failure clause
This variation applies to agreements addressing transaction failures.
In the event of a failed cryptocurrency payment due to network issues or incorrect wallet addresses, the paying party shall rectify the issue within [specific number] days. Any additional costs incurred during reprocessing shall be borne by the paying party.
Cryptocurrency collateral clause
This variation applies to agreements requiring cryptocurrency as collateral.
The paying party shall provide [specific amount] of cryptocurrency as collateral for this Agreement. The collateral shall be held in a secure escrow account and may be liquidated to fulfill payment obligations if necessary.
Cryptocurrency blended payment clause
This variation applies to agreements allowing mixed payments.
Payments under this Agreement may be made using a blend of cryptocurrency and fiat currency. The proportion of each type of payment must be agreed upon in writing by both parties before payment initiation.
Cryptocurrency smart contract dispute clause
This variation applies to agreements involving smart contract disputes.
Any disputes arising from payments made through a smart contract under this Agreement shall be resolved using blockchain transaction data and third-party audit reports. The parties agree to abide by the outcome of the resolution process.
Cryptocurrency inflation hedge clause
This variation applies to agreements using cryptocurrency to hedge against inflation.
Payments under this Agreement may include an inflation hedge mechanism, where [specific cryptocurrency] is used to stabilize value. The payment amount will be calculated using a weighted average of cryptocurrency and fiat currency values.
Cryptocurrency escrow for milestone clause
This variation applies to agreements requiring escrow releases tied to milestones.
Cryptocurrency payments under this Agreement shall be deposited into an escrow account and released incrementally upon achieving specific milestones. Each release must be approved in writing by both parties.
Cryptocurrency exchange fee clause
This variation applies to agreements requiring exchange rate fees.
If the paying party uses a cryptocurrency exchange to convert fiat currency to cryptocurrency, any exchange fees incurred shall be their responsibility. The receiving party must receive the full agreed-upon amount in cryptocurrency.
Cryptocurrency energy cost clause
This variation applies to agreements factoring in mining energy costs.
The paying party acknowledges that cryptocurrency payments may incur indirect energy costs related to mining or transaction processing. Both parties agree to explore energy-efficient methods for completing transactions where possible.
Cryptocurrency recurring subscription clause
This variation applies to agreements involving recurring cryptocurrency payments.
Payments under this Agreement shall be made in cryptocurrency on a subscription basis, with [specific frequency]. The paying party authorizes automatic deductions from their wallet on the agreed-upon schedule.
Cryptocurrency minimum transaction amount clause
This variation applies to agreements setting a minimum transaction value.
Cryptocurrency payments under this Agreement must meet a minimum transaction amount of [specific amount]. Any payments below this threshold must be aggregated or made using an alternative method agreed upon by both parties.
Cryptocurrency multi-party payment clause
This variation applies to agreements involving multiple paying parties.
Payments under this Agreement may be made by multiple parties in cryptocurrency. Each paying party must remit their share directly to the receiving party's designated wallet address, ensuring all transactions are completed within the specified time frame.
Cryptocurrency price lock clause
This variation applies to agreements locking the cryptocurrency value.
The cryptocurrency payment amount under this Agreement shall be locked at the exchange rate published by [specific platform] at [specific date and time]. This locked value will apply regardless of subsequent market fluctuations.
Cryptocurrency charitable donation clause
This variation applies to agreements involving cryptocurrency donations.
A portion of the cryptocurrency payment under this Agreement, equivalent to [specific percentage], shall be donated to [specific charity]. The donation must be made on behalf of both parties and documented for transparency.
Cryptocurrency trust wallet clause
This variation applies to agreements requiring payments through a trust wallet.
All cryptocurrency payments under this Agreement shall be made using a trust wallet authorized by both parties. The trust wallet shall provide multi-signature authentication to ensure secure transactions.
Cryptocurrency payment confirmation timeline clause
This variation applies to agreements defining confirmation timelines.
Cryptocurrency payments under this Agreement must achieve at least [specific number] blockchain confirmations within [specific time frame] to be considered valid. Payments not confirmed within this period shall be subject to re-initiation.
Cryptocurrency partial delivery refund clause
This variation applies to agreements refunding for partial non-delivery.
If the receiving party fails to deliver the full agreed goods or services, a partial refund equivalent to the value of the undelivered portion shall be issued in cryptocurrency. The refund must be completed within [specific number] days.
Cryptocurrency capped liability clause
This variation applies to agreements limiting liability for cryptocurrency issues.
The liability of both parties for losses related to cryptocurrency transactions under this Agreement, including fraud or technical errors, shall be capped at [specific amount or percentage] of the total payment value.
Cryptocurrency escrow fee allocation clause
This variation applies to agreements addressing escrow-related costs.
The escrow fees for cryptocurrency payments under this Agreement shall be shared equally between both parties unless otherwise specified. Each party's share of the fee shall be deducted from their respective payment or receipt.
Cryptocurrency payment recordkeeping clause
This variation applies to agreements requiring transaction documentation.
Both parties agree to maintain detailed records of all cryptocurrency transactions under this Agreement, including transaction IDs, timestamps, and wallet addresses. These records may be reviewed in the event of a dispute.
Cryptocurrency anonymity clause
This variation applies to agreements requiring anonymous transactions.
Cryptocurrency payments under this Agreement may be made anonymously, provided the transaction includes a unique reference code to confirm payment authenticity. Both parties waive the requirement for identity verification.
Cryptocurrency no-conversion clause
This variation applies to agreements prohibiting conversion into fiat.
Cryptocurrency payments under this Agreement must remain in their original form and cannot be converted into fiat currency by the receiving party unless explicitly authorized in writing by the paying party.
Cryptocurrency platform exclusivity clause
This variation applies to agreements restricting transactions to specific platforms.
All cryptocurrency transactions under this Agreement must be conducted through [specific platform]. The paying party shall ensure that the platform supports the agreed cryptocurrency and complies with the applicable regulations.
Cryptocurrency milestone rollback clause
This variation applies to agreements with milestone-based rollbacks.
If a milestone is not achieved under this Agreement, any cryptocurrency payment released for that milestone shall be refunded or credited towards the next milestone. Both parties must approve the rollback in writing.
Cryptocurrency asset freeze clause
This variation applies to agreements allowing asset freezing under specific conditions.
The receiving party reserves the right to freeze any cryptocurrency assets transferred under this Agreement if fraud, misrepresentation, or regulatory issues are suspected. The freeze shall remain in effect until the matter is resolved.
Cryptocurrency service interruption clause
This variation applies to agreements addressing payment delays due to service outages.
In the event of a blockchain network service interruption, cryptocurrency payments under this Agreement may be delayed. Both parties agree to suspend payment deadlines until the interruption is resolved.
Cryptocurrency vendor approval clause
This variation applies to agreements requiring pre-approved vendors.
Cryptocurrency payments under this Agreement must be processed through pre-approved vendors or wallets verified by both parties. Any unapproved vendor usage will void the payment and may result in penalties.
Cryptocurrency profit-sharing clause
This variation applies to agreements sharing cryptocurrency earnings.
A portion of cryptocurrency payments under this Agreement, equivalent to [specific percentage], shall be allocated to a shared profit pool. Both parties agree to use the pool for mutually beneficial purposes or distribute it equally.
Cryptocurrency contingency release clause
This variation applies to agreements involving contingent fund releases.
Cryptocurrency payments under this Agreement shall be held in contingency until specific conditions are met, such as [specific milestones]. Funds shall be released incrementally upon written confirmation from both parties.
Cryptocurrency fixed payment schedule clause
This variation applies to agreements with predefined payment dates.
Cryptocurrency payments under this Agreement shall be made according to a fixed schedule, with [specific amount] due on [specific dates]. Payments made outside this schedule may incur penalties unless pre-approved by the receiving party.
Cryptocurrency wallet verification audit clause
This variation applies to agreements requiring wallet audits.
Both parties agree to conduct a mutual wallet verification audit before initiating any cryptocurrency transactions under this Agreement. This includes verifying wallet ownership, compatibility, and transaction history.
Cryptocurrency penalty for failed transactions clause
This variation applies to agreements imposing penalties for transaction failures.
If a cryptocurrency payment fails due to insufficient wallet balance or network errors caused by the paying party, a penalty of [specific percentage] of the payment amount shall be imposed, payable in fiat or cryptocurrency.
Cryptocurrency multi-party escrow clause
This variation applies to agreements involving multiple parties in an escrow.
Cryptocurrency payments under this Agreement shall be deposited into an escrow account managed by [specific escrow agent]. Funds shall be released to the appropriate party upon meeting the agreed conditions, with approvals required from all parties involved.
Cryptocurrency deferred milestone clause
This variation applies to agreements allowing delayed milestones.
If a milestone is delayed, the associated cryptocurrency payment may be deferred for up to [specific number] days. Both parties must agree in writing to the revised timeline before the payment is rescheduled.
Cryptocurrency payment proof clause
This variation applies to agreements requiring proof of transaction.
The paying party must provide proof of cryptocurrency payment, including transaction ID, timestamp, and wallet address, within [specific number] hours of payment initiation. Failure to provide proof may delay confirmation of receipt.
Cryptocurrency regional compliance clause
This variation applies to agreements requiring regional regulatory adherence.
Cryptocurrency transactions under this Agreement must comply with the laws and regulations of [specific region or country]. Both parties agree to obtain any necessary licenses or approvals before initiating payments.
Cryptocurrency payment in tokenized assets clause
This variation applies to agreements allowing tokenized asset payments.
Payments under this Agreement may be made using tokenized assets representing [specific value, e.g., real estate, stocks]. The tokens must be verified on [specific platform] before acceptance by the receiving party.
Cryptocurrency time-limited refund clause
This variation applies to agreements setting a deadline for refunds.
Any refunds involving cryptocurrency payments under this Agreement must be initiated within [specific number] days of the original transaction. Refunds requested beyond this period will not be processed unless otherwise agreed.
Cryptocurrency batch processing clause
This variation applies to agreements requiring batch processing of payments.
Cryptocurrency payments under this Agreement shall be processed in batches on [specific frequency, e.g., weekly, monthly]. Each batch must include detailed documentation for reconciliation purposes.
Cryptocurrency energy-efficient transaction clause
This variation applies to agreements prioritizing low-energy transactions.
Both parties agree to use energy-efficient blockchain networks for cryptocurrency payments under this Agreement. The paying party shall confirm the network's compatibility with the receiving party before initiating transactions.
Cryptocurrency market disruption clause
This variation applies to agreements addressing market disruptions.
In the event of significant cryptocurrency market disruption, including sudden value drops exceeding [specific percentage], payments under this Agreement may be paused and renegotiated. Both parties must agree to any changes in writing.
Cryptocurrency tax reporting clause
This variation applies to agreements specifying tax reporting requirements.
Both parties agree to report cryptocurrency transactions under this Agreement to the appropriate tax authorities. The paying party must provide documentation to facilitate accurate reporting, including transaction IDs and exchange rates.
Cryptocurrency mutual risk-sharing clause
This variation applies to agreements sharing transaction risks.
Any risks associated with cryptocurrency payments, including value fluctuations and network failures, shall be shared equally by both parties. This includes costs incurred during dispute resolution or payment reprocessing.
Cryptocurrency payment escalation clause
This variation applies to agreements escalating payments over time.
Payments under this Agreement shall increase by [specific percentage] annually when made in cryptocurrency, reflecting projected increases in the value of goods or services provided.
Cryptocurrency secured wallet clause
This variation applies to agreements requiring secure wallet protocols.
Both parties must use secured wallets featuring two-factor authentication and encryption for cryptocurrency payments under this Agreement. Wallet security breaches caused by negligence shall be the responsibility of the affected party.
Cryptocurrency third-party mediation clause
This variation applies to agreements involving third-party mediators for disputes.
Any disputes regarding cryptocurrency payments under this Agreement shall be resolved through mediation by a mutually agreed third party specializing in blockchain technology. Both parties agree to abide by the mediator's recommendations.
Cryptocurrency legacy clause
This variation applies to agreements ensuring compatibility with older systems.
Cryptocurrency payments under this Agreement must remain compatible with legacy blockchain systems supported by the receiving party. Any upgrades or changes must be communicated at least [specific number] days in advance.
Cryptocurrency automatic penalty deduction clause
This variation applies to agreements automating penalty deductions.
Penalties for late or failed cryptocurrency payments under this Agreement shall be automatically deducted from the paying party's wallet. The deduction amount and rationale must be documented and shared with both parties.
Cryptocurrency fractional payment clause
This variation applies to agreements allowing partial cryptocurrency payments.
Payments under this Agreement may be made in fractional amounts of cryptocurrency, provided each partial payment is confirmed on the blockchain. The total amount must be settled within the time frame specified in this Agreement.
Cryptocurrency automated reconciliation clause
This variation applies to agreements involving automated payment tracking.
Cryptocurrency payments under this Agreement shall be tracked and reconciled using an automated system. Both parties agree to provide access to transaction data for audit purposes if discrepancies arise.
Cryptocurrency temporary hold clause
This variation applies to agreements holding payments temporarily.
Cryptocurrency payments under this Agreement may be temporarily held by the receiving party for up to [specific number] days for verification purposes. Funds shall not be used or transferred during the holding period.
Cryptocurrency decentralized wallet clause
This variation applies to agreements requiring decentralized wallets.
All cryptocurrency transactions under this Agreement must be conducted using decentralized wallets. Both parties must confirm wallet addresses and ensure compatibility with the chosen blockchain network.
Cryptocurrency bonus payment clause
This variation applies to agreements offering bonuses for timely payments.
The paying party may receive a bonus equivalent to [specific percentage] of the payment amount in cryptocurrency if all payments are made on or before the due date specified in this Agreement.
Cryptocurrency deferred escrow clause
This variation applies to agreements deferring escrow releases.
Cryptocurrency payments under this Agreement deposited in escrow shall remain locked for [specific duration] after the fulfillment of contractual obligations. The release will occur automatically unless a dispute is filed within this period.
Cryptocurrency penalty waiver clause
This variation applies to agreements waiving penalties under specific conditions.
Penalties for late cryptocurrency payments may be waived if the paying party provides evidence of extenuating circumstances, such as network outages or regulatory delays. The waiver must be approved by the receiving party in writing.
Cryptocurrency tiered transaction fee clause
This variation applies to agreements with varying transaction fees.
Transaction fees for cryptocurrency payments under this Agreement shall follow a tiered structure, with lower fees for payments exceeding [specific amount]. The paying party shall bear all applicable fees.
Cryptocurrency investment reallocation clause
This variation applies to agreements reallocating payments to investments.
The receiving party may reallocate cryptocurrency payments under this Agreement into investment portfolios, provided the paying party is notified in advance. Any returns generated belong solely to the receiving party.
Cryptocurrency recurring donation clause
This variation applies to agreements involving recurring donations.
A portion of cryptocurrency payments under this Agreement, equivalent to [specific percentage], shall be allocated to [specific charity] as a recurring donation. Both parties agree to document and verify the donation annually.
Cryptocurrency conversion delay clause
This variation applies to agreements allowing delayed conversions.
The receiving party may delay converting cryptocurrency payments into fiat currency for up to [specific duration] to optimize exchange rates. The paying party shall not be responsible for any value loss during this period.
Cryptocurrency restricted network clause
This variation applies to agreements specifying blockchain networks.
Cryptocurrency payments under this Agreement must be conducted on the [specific blockchain network]. Payments made on unapproved networks will be considered invalid and require reprocessing.
Cryptocurrency joint wallet clause
This variation applies to agreements involving shared wallets.
Payments under this Agreement shall be made to a joint cryptocurrency wallet controlled by both parties. Transactions from the wallet require authorization from both parties to ensure transparency and accountability.
Cryptocurrency wallet recovery clause
This variation applies to agreements addressing wallet recovery.
If either party loses access to their cryptocurrency wallet, they must notify the other party immediately and initiate recovery procedures. Payments shall be paused until wallet access is restored and verified.
Cryptocurrency regulatory audit clause
This variation applies to agreements requiring compliance audits.
Both parties agree to undergo periodic regulatory audits to ensure cryptocurrency transactions under this Agreement comply with applicable laws. Audit findings must be shared with both parties within [specific time frame].
Cryptocurrency multi-currency payment clause
This variation applies to agreements allowing multiple cryptocurrencies.
Payments under this Agreement may be made using any of the following cryptocurrencies: [list of cryptocurrencies]. The paying party must notify the receiving party of the chosen currency before initiating payment.
Cryptocurrency environmental impact clause
This variation applies to agreements addressing environmental concerns.
Both parties agree to prioritize environmentally friendly blockchain networks for cryptocurrency payments under this Agreement. Proof of network efficiency must be provided upon request.
Cryptocurrency payment installment revision clause
This variation applies to agreements revising installment amounts.
Cryptocurrency payment installments under this Agreement may be revised based on market trends or mutual agreement. Revisions must be documented and signed by both parties before implementation.
Cryptocurrency payment trigger clause
This variation applies to agreements automating payments upon triggers.
Cryptocurrency payments under this Agreement shall be triggered automatically upon the occurrence of [specific events, e.g., delivery confirmation]. The triggers must be defined and agreed upon in the smart contract.
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