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SAFT Agreement (Simple Agreement for Future Tokens)
Define token investment rights with this SAFT Agreement Template.
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SAFT Agreement Template
This Simple Agreement for Future Tokens (“Agreement” or “SAFT”) is entered into on [Date], by and between:
Company: [Company Name]
Address: [Address]
Contact: [Phone, Email]
Investor: [Full Legal Name / Entity Name]
Address: [Address]
Contact: [Phone, Email]
Together referred to as the “Parties.”
1. Purpose
The Investor agrees to provide funding to the Company in exchange for the right to receive tokens upon the launch of the Company’s blockchain network or platform.
2. Purchase Amount and Token Rights
Investment Amount: $[Amount]
Token Allocation: Investor shall receive [Number/Percentage] of tokens generated at launch.
Delivery Date: Tokens shall be delivered upon network launch, subject to compliance with applicable laws.
3. Conditions for Token Delivery
Tokens will be delivered only if:
The blockchain network is successfully launched.
All applicable securities and regulatory requirements are satisfied.
The Investor provides necessary documentation for compliance (e.g., KYC/AML checks).
4. Representations and Warranties
Company: Represents that it has authority to issue this SAFT and intends to develop the blockchain project in good faith.
Investor: Represents that they are an accredited investor (if required) and understand the risks associated with token investments.
5. Risk Disclosures
The Investor acknowledges that:
The project may fail and no tokens may ever be delivered.
Tokens may lose value or become worthless.
Regulatory changes may affect token issuance or transferability.
6. Compliance with Laws
The Parties agree to comply with applicable securities, anti-money laundering, and tax laws in connection with this Agreement and token issuance.
7. Termination
This Agreement terminates upon delivery of tokens, mutual consent, or permanent abandonment of the project. In case of abandonment, the Company may return unspent investment funds at its discretion.
8. Governing Law
This Agreement shall be governed by the laws of [State/Country].
9. Dispute Resolution
Any disputes shall first be resolved through mediation, and if unresolved, through arbitration in [Jurisdiction].
10. Entire Agreement
This Agreement represents the full understanding between the Parties and supersedes all prior agreements, oral or written.
Signatures
Company Representative: _________________________ Date: _________
Name/Title: ___________________________________________
Investor: _________________________ Date: _________
Name/Title: ___________________________________________
Details
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SAFT Agreement (Simple Agreement for Future Tokens)
SAFT AGREEMENT FAQ
What is a SAFT Agreement?
A SAFT Agreement (Simple Agreement for Future Tokens) is a contract used in blockchain and cryptocurrency ventures where investors provide funds upfront in exchange for the right to receive tokens when the project launches.
Why is a SAFT Agreement important?
It clarifies the relationship between investors and project founders, helps comply with securities laws, and reduces legal risks by defining rights, obligations, and conditions under which tokens will be delivered.
When should you use a SAFT Agreement?
Use it when raising funds for a blockchain project prior to token generation or network launch, especially when engaging early-stage investors who are purchasing rights to future tokens.
What should a SAFT Agreement include?
It should define the parties, purchase amount, token allocation, delivery conditions, representations and warranties, risk disclosures, compliance with securities regulations, and dispute resolution.
Does a SAFT Agreement guarantee tokens?
No. Delivery of tokens depends on the project launching successfully and meeting regulatory and contractual requirements. Investors should understand the risks of project failure.
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