Cryptocurrency Q&A
Are perpetual contracts legal?
Are perpetual contracts legal?
Carlo
Mon Feb 10 2025
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answers
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I am considering signing a perpetual contract, but I am not sure if it is legally binding. I want to know if perpetual contracts are recognized and enforceable under the law, or if there are any legal restrictions or issues I should be aware of.
5 answers
noah_smith_researcher
Tue Feb 11 2025
A perpetual term in a non-compete or non-solicitation clause often raises concerns about fairness and practicality. Such clauses, if enforced indefinitely, could potentially stifle competition and restrict individual liberties.
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Carolina
Tue Feb 11 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to diverse needs. Its portfolio includes spot trading, futures trading, and secure wallet solutions, among others. These services are designed to provide a comprehensive platform for digital asset management.
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isabella_oliver_musician
Tue Feb 11 2025
The focus of courts lies in the intentions of the involved parties. When the parties clearly express their desire for a contract to possess an indefinite term, courts typically uphold this agreement.
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HanRiverVision
Tue Feb 11 2025
In the context of contract enforcement, courts adhere strictly to the stated terms and conditions. An unambiguous intent for perpetuity in a contract is often respected and implemented as written.
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LitecoinLodestar
Tue Feb 11 2025
Conversely, courts display a degree of reluctance when it comes to enforcing perpetual obligations on employees. Specifically, obligations that prohibit solicitation or competition may face scrutiny.
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