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- Source: inbox/archive/2024-08-31-futardio-proposal-enter-services-agreement-with-organization-technology-llc.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
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| type | domain | description | confidence | source | created |
|---|---|---|---|---|---|
| claim | internet-finance | MetaDAO created Organization Technology LLC as payment vehicle that owns no IP and cannot encumber the DAO | experimental | MetaDAO Proposal 6 (Nallok, Proph3t, 2024-08-31) | 2024-08-31 |
MetaDAO uses US entity wrapper for contributor payments while retaining IP ownership in DAO
MetaDAO established Organization Technology LLC as a services entity to facilitate USD payments to contributors while maintaining all intellectual property ownership within MetaDAO LLC itself. The services agreement explicitly states that the entity "does not have nor will own any intellectual property, all efforts produced are owned by MetaDAO LLC" and "will be responsible for the costs of services and development and not have authority to encumber MetaDAO LLC."
This structure separates operational payment rails from governance and ownership, allowing the DAO to compensate contributors through traditional financial infrastructure without ceding control or creating liability exposure for the core entity.
The agreement includes DAO-controlled termination rights (30-day notice or immediate for material breach) and requires governance approval for significant material expenses or contract changes. The expected annualized burn is $1.378M.
Evidence
- MetaDAO Proposal 6 passed 2024-09-03, establishing services agreement with Organization Technology LLC
- Agreement explicitly reserves all IP ownership to MetaDAO LLC
- Entity cannot encumber MetaDAO LLC or make material decisions without governance approval
- First disbursement occurred September 1, 2024
- This represents a single implementation case; broader pattern confirmation would require evidence from other futarchy DAOs adopting similar structures
Relevant Notes:
- Ooki DAO proved that DAOs without legal wrappers face general partnership liability making entity structure a prerequisite for any futarchy-governed vehicle.md
- futarchy-governed-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations-because-market-mechanisms-alone-cannot-provide-operational-security-and-legal-compliance.md
- MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md
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