Innovation and technology continue to redefine the traditional corporate landscape. Decentralized autonomous organizations (DAOs) and related web3 protocols bring together myriad groups with different goals and desired means for achieving those goals. These include libertarian idealists, Wall Street money, Main Street money, developers, white hat hackers, black hat hackers, and the lawyers and legal service providers who sit at the virtual intersection of these groups. In this upcoming presentation, international attorney Jonathan Bench will discuss some of the common legal issues web3 projects face surrounding:
- Legal status and liability:Â How do we determine legal presence for contracting purposes? Who is ultimately responsible for autonomous, self-perpetuating code?
- Governance and decision-making: What types of roles, voting mechanisms, and dispute resolution processes can work in this decentralized governance form?
- Regulatory compliance: Which US states and countries are positioning themselves as the best homes for global web3 projects? Which are doing it most convincingly?
- Contractual agreement: Do smart contracts help or hinder contracting with a web3 entity? How will disputes be resolved in such an inherently international forum?
- Intellectual property and innovation: Is it possible to balance creators’ rights while incentivizing innovation in such an open collaborative environment?
By the end of this presentation, both lawyers and founders will be equipped with a solid understanding of the legal complexities surrounding DAOs and web3 projects generally. We look forward to you joining us for this discussion. Friends of the firm can use the code HarrisSliwoski2023 for a free access pass.