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

type	title	author	url	date	domain	format	status	tags	event_type
source	Futardio: Enter Services Agreement with Organization Technology LLC?	futard.io	https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5	2024-08-31	internet-finance	data	unprocessed	futardio metadao futarchy solana governance	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. 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

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.
• For where current numbers in the agreement were arrived at you can review the alignment proposal.

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