Hard Fork Sample Clauses
A Hard Fork clause defines how the parties will handle significant changes to a blockchain protocol that are not backward compatible, known as hard forks. In practice, this clause outlines the procedures to follow if a hard fork occurs, such as determining which version of the blockchain will be recognized for the purposes of the agreement or how assets will be managed across the resulting chains. Its core function is to provide clarity and reduce disputes by pre-establishing rules for handling the technical and legal implications of a hard fork event.
Hard Fork. In case of a split of the Blockchain (hard fork), the Company decides, at its own discretion, which version of the Blockchain will be considered to hold the real Share Tokens and communicates this decision on the Website. The Company may enable the pause function in the Smart Contract to halt any transfers within the invalid Blockchain. Shareholders are responsible for monitoring the Issuer's Website for such determinations. The Issuer assumes no liability for transactions effected on the fork designated as inauthentic.
Hard Fork