inbox/archive/2024-08-31-futardio-proposal-enter-services-agreement-with-organization-technology-llc.md

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+---
+type: source
+title: "Futardio: Enter Services Agreement with Organization Technology LLC?"
+author: "futard.io"
+url: "https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5"
+date: 2024-08-31
+domain: internet-finance
+format: data
+status: unprocessed
+tags: [futardio, metadao, futarchy, solana, governance]
+event_type: proposal
+---
+
+## Proposal Details
+- Project: MetaDAO
+- Proposal: Enter Services Agreement with Organization Technology LLC?
+- Status: Passed
+- Created: 2024-08-31
+- URL: https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5
+- Description: To support MetaDAO’s operations, we have created a US entity as a vehicle for paying MetaDAO contributors. We are creating this proposal with a memo instruction to agree and sign the services agreement, which is legally binding as defined in MetaDAO LLC’s operating agreement. 
+- Categories: {'category': 'Dao'}, {'category': 'Governance'}
+- Discussion: https://discord.gg/xFgPvnrcUc
+
+## Summary
+
+### 🎯 Key Points
+The proposal seeks to enter a services agreement with Organization Technology LLC to facilitate payments to MetaDAO contributors, ensuring that all intellectual property remains owned by MetaDAO LLC and establishing a framework for costs and responsibilities.
+
+### 📊 Impact Analysis
+#### 👥 Stakeholder Impact
+This agreement will enable MetaDAO contributors to receive compensation through a structured entity, enhancing operational efficiency.
+
+#### 📈 Upside Potential
+The establishment of a US entity and clear financial management could streamline operations and support the growth of MetaDAO.
+
+#### 📉 Risk Factors
+There is a risk of financial burden with an annualized burn of $1.378M, which could impact MetaDAO's sustainability if not managed carefully.
+
+## Content
+
+#### Type
+
+Operations Direct Action
+
+#### Author(s)
+
+Nallok, Proph3t
+
+### Overview
+
+Four weeks ago, MetaDAO completed its strategic partnership as part of [Proposal 19](https://futarchy.metadao.fi/metadao/proposals/9BMRY1HBe61MJoKEd9AAW5iNQyws2vGK6vuL49oR3AzX). To support MetaDAO’s operations, we have created a US entity as a vehicle for paying MetaDAO contributors.
+
+Of note is:
+
+- This entity does not have nor will own any intellectual property, all efforts produced are owned by MetaDAO LLC.  
+- This entity will be responsible for the costs of services and development and not have authority to encumber MetaDAO LLC.
+
+We are creating this proposal with a memo instruction to agree and sign the services agreement, which is legally binding as defined in MetaDAO LLC’s operating agreement. You can review this agreement here:
+
+[https://docs.google.com/document/d/1vvl94DpvSpJoPGFyESs1TbGpnNf6zGBYp5a-5wwGXgM](https://docs.google.com/document/d/1vvl94DpvSpJoPGFyESs1TbGpnNf6zGBYp5a-5wwGXgM)
+
+If passed this proposal will execute  the memo instructions which will act as a countersignatory to the agreement. The first disbursement from MetaDAO LLC to the entity will occur on September 1st, 2024 or when passed, whichever is later.
+
+This agreement can be canceled by the DAO with a 30 day notice or immediately through material breach of contract by either party. A 30 day notice and cancellation would need to be executed through a proposal.
+
+If any significant material expense is to be assessed or significant changes to the contract are to be made, those shall be put through the governance process of MetaDAO.
+
+- The expected annualized burn is $1.378M.  
+- You can read about our [Q3 Roadmap](https://futarchy.metadao.fi/metadao/proposals/7AbivixQZTrgnqpmyxW2j1dd4Jyy15K3T2T7MEgfg8DZ).  
+- For where current numbers in the agreement were arrived at you can review the [alignment proposal](https://futarchy.metadao.fi/metadao/proposals/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG).
+
+## Raw Data
+
+- Proposal account: `53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5`
+- Proposal number: 6
+- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
+- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
+- Autocrat version: 0.3
+- Completed: 2024-09-03
+- Ended: 2024-09-03