1ee0587482
- 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>
95 lines
5.2 KiB
Markdown
95 lines
5.2 KiB
Markdown
---
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type: source
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title: "Futardio: Enter Services Agreement with Organization Technology LLC?"
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author: "futard.io"
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url: "https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5"
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date: 2024-08-31
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domain: internet-finance
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format: data
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status: processed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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processed_by: rio
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processed_date: 2024-08-31
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claims_extracted: ["metadao-uses-us-entity-wrapper-for-contributor-payments-while-retaining-ip-ownership-in-dao.md"]
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enrichments_applied: ["Ooki DAO proved that DAOs without legal wrappers face general partnership liability making entity structure a prerequisite for any futarchy-governed vehicle.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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extraction_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "Primary extraction: MetaDAO's entity wrapper structure for operations. Three enrichments confirm existing claims about DAO legal scaffolding and MetaDAO's operational maturity. Source is governance proposal with legal agreement, making confidence level 'proven' appropriate."
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---
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## Proposal Details
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- Project: MetaDAO
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- Proposal: Enter Services Agreement with Organization Technology LLC?
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- Status: Passed
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- Created: 2024-08-31
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- URL: https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5
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- 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.
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- Categories: {'category': 'Dao'}, {'category': 'Governance'}
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- Discussion: https://discord.gg/xFgPvnrcUc
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## Summary
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### 🎯 Key Points
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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.
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### 📊 Impact Analysis
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#### 👥 Stakeholder Impact
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This agreement will enable MetaDAO contributors to receive compensation through a structured entity, enhancing operational efficiency.
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#### 📈 Upside Potential
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The establishment of a US entity and clear financial management could streamline operations and support the growth of MetaDAO.
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#### 📉 Risk Factors
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There is a risk of financial burden with an annualized burn of $1.378M, which could impact MetaDAO's sustainability if not managed carefully.
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## Content
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#### Type
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Operations Direct Action
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#### Author(s)
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Nallok, Proph3t
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### Overview
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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.
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Of note is:
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- This entity does not have nor will own any intellectual property, all efforts produced are owned by MetaDAO LLC.
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- This entity will be responsible for the costs of services and development and not have authority to encumber MetaDAO LLC.
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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:
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[https://docs.google.com/document/d/1vvl94DpvSpJoPGFyESs1TbGpnNf6zGBYp5a-5wwGXgM](https://docs.google.com/document/d/1vvl94DpvSpJoPGFyESs1TbGpnNf6zGBYp5a-5wwGXgM)
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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.
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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.
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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.
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- The expected annualized burn is $1.378M.
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- You can read about our [Q3 Roadmap](https://futarchy.metadao.fi/metadao/proposals/7AbivixQZTrgnqpmyxW2j1dd4Jyy15K3T2T7MEgfg8DZ).
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- For where current numbers in the agreement were arrived at you can review the [alignment proposal](https://futarchy.metadao.fi/metadao/proposals/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG).
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## Raw Data
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- Proposal account: `53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5`
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- Proposal number: 6
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- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
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- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
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- Autocrat version: 0.3
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- Completed: 2024-09-03
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- Ended: 2024-09-03
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## Key Facts
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- MetaDAO Proposal 6 passed 2024-09-03
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- Organization Technology LLC services agreement annualized burn: $1.378M
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- First disbursement: September 1, 2024
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- Proposal account: 53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5
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- Authors: Nallok, Proph3t
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- Agreement includes 30-day termination notice or immediate termination for material breach
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