kaal:claim:3799320-010

Private agreements that limit remedies to DAO assets are unlikely to be upheld if the DAO faces a tort suit.

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, A Decentralized Autonomous Organization (DAO) of DAOs (2021), Regulatory Uncertainty, p. 9
https://ssrn.com/abstract=3799320 · source PDF

Cite as

Wulf A. Kaal, A Decentralized Autonomous Organization (DAO) of DAOs (2021). SSRN: https://ssrn.com/abstract=3799320

Holds when
Classification

failuresupport: assertedfailure: Contractual remedy cap fails in tortfamily: legal-personality-and-liability-gaplaw-and-legal-systemsrisk-and-incentives

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