A short spoken agreement between two named parties on terms they state in one sentence, recorded with its date at the moment both parties consent.
The words each party hears or reads before consenting. Bracketed names are the fields below.
I, [party_a], agree with [party_b] to the following: [terms].
I have heard these words read back in full, I understand them, and I intend to be bound by them.
Any dispute about this agreement is settled under the governing law and arbitration clauses attached to it.
I give this consent on [date].
The date is filled when consent is recorded; [date] is not one of the fields.
| Field | Label | Type | Limits |
|---|---|---|---|
party_a | First party | Party | — |
party_b | Second party | Party | — |
terms | What is agreed | Text | up to 280 characters |
This agreement is governed by the law of the jurisdiction selected for it when the parties consent, chosen from the jurisdictions listed for this template, without regard to that jurisdiction's conflict-of-laws rules. Where the selected jurisdiction is the United Arab Emirates, the governing law is the law of the Dubai International Financial Centre (DIFC). If no jurisdiction is selected, the law of the State of Wyoming applies.
Any dispute arising out of or relating to this agreement, including its formation, is finally resolved by confidential arbitration before a single arbitrator, seated in the jurisdiction whose law governs this agreement; where the selected jurisdiction is the United Arab Emirates, the seat is the Dubai International Financial Centre (DIFC). The arbitration follows rules the parties agree in writing or, failing agreement within 30 days of a written notice of dispute, the UNCITRAL Arbitration Rules. The language of the arbitration is English. Judgment on the award may be entered in any court with jurisdiction. Either party may ask a court for urgent interim relief to protect confidential information or preserve the status quo pending the arbitration.
The regime notes from the Legal-X jurisdiction dossiers, for each jurisdiction this template is written for.
USWYDigital-asset property & DAO entitiesState law cannot override federal securities or banking law.
USDECorporate law + federal securitiesSecurities status turns on the facts of each offering — the ledger does not change it.
USNYCommercial law + DFS supervisionDoing virtual-currency business with New York residents needs a licence.
GBCommon-law property recognitionProperty status is settled; regulated activity is still FCA territory.
ESIGN (15 U.S.C. §7006(5)) and UETA define an electronic signature as an electronic sound, symbol or process attached to or logically associated with a record and executed with intent to sign; a recorded recital with intent qualifies. eIDAS (EU) Art. 3(10) defines a simple electronic signature as data in electronic form attached to or logically associated with other data and used by the signatory to sign. Singapore and Hong Kong ETAs are similar. Enforceability depends on the facts and the forum.
Orientation, not legal advice; counsel to confirm.