A DAO needs a legal wrapper to represent it because a DAO on its own cannot rent an office or sign a contract that can only be executed on paper.
Source quote, verbatim
First, a DAO with a legal wrapper enables the DAO's operations in the real world and beyond. A DAO needs a legal wrapper representing the DAO in the sense that a DAO cannot rent an office or sign a contract that can only happen on paper.
From
Wulf A. Kaal, Decentralized Autonomous Organizations – Internal Governance and External Legal Design (2020), IV. Governance & Legal Design Experimentation, p. 31 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
Classification
designsupport: evidencedlaw-and-legal-systemsdao
Related claims
restated_bykaal:claim:3799320-018 A DAO needs a legal wrapper to represent it, because a DAO cannot by itself rent an office or sign a contract ...
generalizeskaal:claim:3962614-034 A VC DAO needs a legal wrapper in order to interact with the real world, because otherwise everyone involved i...
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