Civil Law Aspects Of Selling A Token – A Random Selection

If you are following our NFT self-experiment, you already know what an NFT is and what it stands for. If not, you might want to read more. The following article addresses a random first choice of civil law, contractual aspects to be precise, which the authors think are worth considering before you buy (or sell) your first NFT. However, given the novelty of the underlying technology, there is room for dissenting opinions. 1. Random topic 1: Which law applies?

If a potential NFT collector deep-dives into the world of NFTs, they will hardly ever stick to their home territory. NFTs are usually traded on online platforms. Purchasers and sellers are frequently from different countries. Payment might even be demanded in cryptocurrency rather than in the currency of a state. Thus, the agreement that is about to be concluded when purchasing an NFT is "international". In a preliminary step, the applicable law should be assessed.