# kaal:claim:2939127-032

**Claim.** Open legal questions about the DAO, including which regime governs token issuance, minority token holder protection, taxation, the binding force of DAO smart contracts, ownership of intellectual property, and conflict resolution, must be answered before future DAO structures can operate seamlessly.

**Type.** condition  **Support.** argued

**Holds when.**

- future decentralized autonomous organization setups

**Source quote.**

> Open legal issues pertaining to the DAO need to be addressed before future DAO setups can operate seamlessly.

**From.** Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, *Legal Education in the Blockchain Revolution* (2017), III.4. Limitations, page 33

**Cite as.** Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127

**Verify.** sha256 of source PDF `abcef529c7200261c59eec43018375b3b26e3186239fb9d002bacc298dba26ff` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Fenwick%20et%20al.%20-%202017%20-%20Legal%20Education%20in%20the%20Blockchain%20Revolution.pdf

**Topics.** dao, law-and-legal-systems, securities-law, governance-design

**Keywords.** dao, legal-uncertainty, securities-regulation, taxation, governance

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