Private agreement terms are the specific conditions and stipulations mutually agreed upon by parties in a non-public contract or understanding. These terms define the rights, obligations, and responsibilities of each participant. They are legally binding between the involved individuals or entities. Such agreements typically remain confidential and are not publicly disclosed.
Context
In the digital asset world, private agreement terms often pertain to over-the-counter OTC cryptocurrency trades, venture capital investments in blockchain startups, or bespoke smart contract deployments. While the underlying transactions might settle on a public blockchain, the specific commercial terms remain confidential between the parties. News sometimes reports on the impact of these private deals on market liquidity or project funding. The balance between public blockchain transparency and the need for commercial privacy remains a pertinent discussion point.
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