kaal:claim:3652481-015

Parties may try to limit remedies to DAO assets through private agreements, but if the DAO faces a tort suit such an agreement is unlikely to be upheld.

Source quote, verbatim

Parties may be able to limit remedies to DAO assets through private agreements. But, if the DAO should face a tort suit such an agreement is unlikely to be upheld.

From

Wulf A. Kaal, Decentralized Autonomous Organizations – Internal Governance and External Legal Design (2020), III.2 Regulatory Uncertainty, p. 26
https://ssrn.com/abstract=3652481 · source PDF

Cite as

Wulf A. Kaal, Decentralized Autonomous Organizations – Internal Governance and External Legal Design (2020). SSRN: https://ssrn.com/abstract=3652481

Holds when

a tort claim is brought against the DAO

Classification

failuresupport: evidencedfailure: unenforceable remedy limitationfamily: legal-personality-and-liability-gaplaw-and-legal-systemsrisk-and-incentivesdao

Related claims

restated_by kaal:claim:3799320-010 Private agreements that limit remedies to DAO assets are unlikely to be upheld if the DAO faces a tort suit.

Verify

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