Lexit is the first online marketplace designed to buy and sell companies, intellectual property and assets. Through blockchain technology, token economics, and a centralized platform, Lexit allows M&A processes to be concluded four times as fast, at about a quarter of the traditional costs. Entrepreneurs are empowered to discover the true value of their assets on a vibrant and highly liquid marketplace, without having to bear overpriced prepayments. And most importantly – for the first time an efficient market for IP and patents is established, allowing companies to trade assets as conveniently as one would buy or sell a car or real estate.
LXA The Law Firm, in its turn, is a law firm focusing on entrepreneurs, businesses and investors. It has specialists in mergers and acquisitions (M&A), company law as well as an extensive startup department. They also boast a large network of international law firms with which they work closely together.
Together the two seek to provide entrepreneurs with unfettered access to a worldwide M&A market facilitating the trade of intellectual property, assets, and parts of or entire companies through an online marketplace.
Amir Kaltak, CEO & Co-Founder of Lexit said:
“LXA are the ideal fit for our Lexit platform where entrepreneurs will be able to conduct deals online far quicker and far cheaper than ever before, on a scale that previously hasn’t been possible.”
“We look forward to working with [LXA] and hope to use blockchain technology to put the power back into the hands of entrepreneurs and innovators.”
The partnership will help work to empower startups to get funding and put their vision into practice. LXA works with startups which already have some traction offering access to a network of startup accelerators, accountants, tax lawyers and notaries, among others.
One of the most revolutionary aspects of the Lexit platform is the ‘trustless’ system that blockchain technology creates. The immutable and transparent nature of the blockchain means that all deals carry inbuilt guarantees for all parties, removing any doubt that the other side will renege while making it easier than ever before to quickly finalize deals. Smart contracts on the distributed ledger technology cannot be broken, as they complete automatically only after their conditions have been fulfilled.
Complete details of the collaboration are yet to be announced, but LXA have an array of specialists on their team who could potentially serve vital advisory roles in Lexit deal rooms and in the process receiving LXT tokens for their services. By signing on to the Lexit Global Partner program, they are able to join the broad Lexit network and being further incentivized to refer entrepreneurs, businesses, and investors to the platform.