Legal Nodes launches product to create a legal framework for DAOs

Legal Nodes has launched the product DAO Legal Wrapper to establish a legal framework for decentralized autonomous organizations (DAOs). Representatives of the project told ForkLog UA.

Legal Nodes noted that such organizations often have to interact with the real world — hiring teams, generating intellectual property, and other activities.

In addition, it is necessary to shield participants from potential legal liability for the DAO’s actions and to guarantee their ability to vote and participate in the governance of the organization, experts said.

“These problems are solved by the DAO Legal Wrapper, creating a clear legal structure for a specific DAO,” said Legal Nodes.

Lawyers in Discovery Sessions offer founders assistance in navigating the options of various countries for registration, the legal framework for token issuance, and other steps to formally establish the DAO’s operations.

ForkLog previously covered this type of organization, its advantages and disadvantages, in several карточках.

Read ForkLog’s bitcoin news in our Telegram — cryptocurrency news, prices and analysis.