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A Token Sale Agreement sets out the terms when buying and selling digital tokens or cryptocurrencies in Saudi Arabia's emerging digital asset market. It outlines how many tokens the buyer will receive, the price, payment method, and delivery timeline - similar to a traditional sales contract but specifically for digital assets.

Under Saudi Capital Market Authority guidelines, these agreements must include clear disclosures about token rights, risks, and compliance with Islamic finance principles. They typically specify what happens if the project fails, how tokens can be used, and any restrictions on resale or transfer to protect both buyers and sellers in this new asset class.

Use a Token Sale Agreement when launching or participating in any digital token offering in Saudi Arabia's financial markets. This agreement becomes essential before accepting investments or transferring tokens, particularly for blockchain startups, fintech companies, and digital asset platforms operating under CMA oversight.

The agreement proves vital during initial token offerings, secondary market sales, and private placements of digital assets. It helps meet Shariah compliance requirements, protects investor rights, and documents key transaction details like token economics, vesting schedules, and usage rights. Many Saudi venture capital firms and innovation hubs now require these agreements for blockchain-related investments.

• Simple Token Sale Agreement: Basic version for straightforward token sales, focusing on purchase terms and token delivery
• SAFE Token Agreement: Combines elements of Simple Agreement for Future Equity with token rights, popular among Saudi tech startups
• Enterprise Token Sale Agreement: Comprehensive version for large-scale offerings, including detailed compliance, governance, and Shariah requirements
• Private Placement Token Agreement: Tailored for exclusive offerings to qualified investors under CMA regulations
• Hybrid Token Agreement: Combines traditional securities elements with digital token features, often used in Saudi fintech ventures

• Token Issuers: Saudi companies, especially fintech startups and blockchain ventures, who create and sell digital tokens
• Legal Counsel: In-house or external lawyers who draft and review Token Sale Agreements for Shariah and CMA compliance
• Investors: Individual and institutional buyers participating in token sales under Saudi investment regulations
• Compliance Officers: Internal teams ensuring adherence to Saudi financial regulations and anti-money laundering requirements
• Financial Advisors: Professionals guiding both issuers and investors through token sale structuring and documentation

• Token Details: Document the token's technical specifications, utility, and total supply following CMA guidelines
• Pricing Structure: Define token price, payment methods, and any bonus or discount mechanisms
• Compliance Check: Verify Shariah compliance requirements and obtain necessary regulatory approvals
• Investor Rights: Outline token holder privileges, voting rights, and profit-sharing mechanisms if applicable
• Risk Disclosures: List potential risks, market volatility factors, and regulatory uncertainties
• Platform Usage: Our system generates customized Token Sale Agreements that meet Saudi legal requirements automatically

• Token Description: Detailed specifications of the digital asset, including technical features and utility
• Sale Terms: Purchase price, payment methods, and token distribution timeline
• Shariah Compliance: Declaration of Islamic finance principles adherence and relevant fatwa references
• Investor Rights: Clear outline of token holder privileges and restrictions under Saudi law
• Risk Disclosures: Comprehensive list of investment risks and market uncertainties
• Regulatory Compliance: CMA requirements, AML policies, and data protection measures
• Dispute Resolution: Saudi jurisdiction clause and Islamic arbitration procedures

A Token Sale Agreement differs significantly from a Simple Agreement for Future Tokens (SAFT), though both are used in digital asset transactions. While they may seem similar at first glance, their purposes and legal implications under Saudi law are distinct.

• Timing of Token Delivery: Token Sale Agreements facilitate immediate token transfers, while Simple Agreement for Future Tokens promises future delivery once certain conditions are met
• Regulatory Treatment: Token Sale Agreements are structured as direct sales under current CMA frameworks, while SAFTs often fall under investment contract regulations
• Risk Profile: Token Sale Agreements involve immediate execution and lower developmental risk, whereas SAFTs carry project completion and delivery risks
• Shariah Compliance: Token Sale Agreements typically require immediate exchange of value, aligning better with Islamic finance principles than SAFTs' future delivery structure