Introduction: Here the User is informed about the background of the enterprise and other data associated with the ICO and its functionality. Any terms related to the compilation of data from Users must be specifically presented. The introduction is a bridge between the User’s knowledge of the concept and the valid terms which must follow.
Information Collected: Here the user is informed of the type of information collected by the website. While the information must be provided, the policy identifies the kind of data the User must oblige. Thus, the drafter must illustrate the nature of data accumulated, information on server identification, hostname and IP address tracking, and data storage.
Collection: Here the User must be informed of the techniques used to gather the data. The quality of the technique, whether it is physical or automatic, and how it is processed, allows the user to have a better impression of how his data will be gathered and preserved.
Storage: If the database used by the company to compile the data is established offshore, then the company must register in that country after adopting its privacy laws. If the company’s database is in India, special authorization is needed to disseminate data outside the nation, even if its objective is justified. Users of the website must be satisfied that the company is making every effort to preserve their data.
Our team of advanced patent attorneys assists clients with patent searches, drafting patent applications, and patent (intellectual property) agreements, including licensing and non-disclosure agreements.
Advocate Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology, Intellectual Property & Corporate Laws. He is reachable at rd (at) patentbusinesslawyer (dot) com & @rdpatentlawyer on Twitter.
Quoted in and contributed to 50+ national & international publications (Bloomberg, FirstPost, SwissInfo, Outlook Money, Yahoo News, Times of India, Economic Times, Business Standard, Quartz, Global Legal Post, International Bar Association, LawAsia, BioSpectrum Asia, Digital News Asia, e27, Leaders Speak, Entrepreneur India, VCCircle, AutoTech).
Regularly invited to speak at international & national platforms (conferences, TV channels, seminars, corporate trainings, government workshops) on technology, patents, business strategy, legal developments, leadership & management.
Working closely with patent attorneys along with international law firms with significant experience with lawyers in Asia Pacific providing services to clients in US and Europe. Flagship services include international patent and trademark filings, patent services in India and global patent consulting services.
Global Blockchain Lawyers (www.GlobalBlockchainLawyers.com) is a digital platform to discuss legal issues, latest technology and legal developments, and applicable laws in the dynamic field of Digital Currency, Blockchain, Bitcoin, Cryptocurrency and raising capital through the sale of tokens or coins (ICO or Initial Coin Offerings).
Blockchain ecosystem in India is evolving at a rapid pace and a proactive legal approach is required by blockchain lawyers in India to understand the complex nature of applicable laws and regulations.