On the core of the case are how the ideas of fiduciary obligation (the duty to behave in the most effective curiosity), the obligation of care (the duty to behave with out negligence), in addition to joint and several other legal responsibility (a accountability that’s shared by a number of events), apply to the idea of a DAO and governance token holders. Whereas current case legislation has created loads of steerage on how these ideas apply to TradFi partnership constructions like Normal and Restricted Partnerships, DAOs are one thing of an undiscovered nation given their distinctive construction.
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