What This DAO Delegation Agreement Template Covers

This DAO delegation agreement template is designed to facilitate the delegation of authority within decentralized autonomous organizations (DAOs). It includes essential clauses such as the Parties to the Agreement, Recitals, Delegation of Authority, and Obligations of the Parties. This agreement ensures clarity and accountability among members while navigating the complexities of DAO governance.

When to Use a Decentralized Organization Agreement

This template is ideal for members and stakeholders of decentralized organizations looking to delegate specific responsibilities or tasks. For instance, if a DAO needs to assign authority to a committee for decision-making or to an individual for project oversight, this agreement provides a structured approach. Additionally, it is useful when establishing governance frameworks in new DAOs or when existing DAOs undergo restructuring.

What's Included in This DAO Delegation Agreement Template

• Parties to the Agreement: Clearly identifies the delegator and delegatee, ensuring all parties are acknowledged.
• Recitals: Provides background information and the purpose of the agreement, establishing the context for delegation.
• Delegation of Authority: Outlines the specific powers and responsibilities being delegated, ensuring transparency in authority delegation.
• Obligations of the Parties: Specifies the duties and expectations of both the delegator and delegatee, promoting accountability.
• Indemnification: Protects parties against potential losses or claims arising from the delegated tasks.
• Termination: Details the conditions under which the agreement can be terminated, including notice periods and cure provisions.

Key DAO Governance Agreement Provisions

• Delegation of Authority: This clause is crucial as it defines the scope of powers granted, ensuring that responsibilities are clearly outlined to avoid confusion.
• Indemnification: This provision protects parties from liabilities, which is particularly important in the fast-evolving world of blockchain governance.
• Termination Clause: Establishes a clear process for ending the agreement, which is vital for maintaining governance integrity in a DAO.

Disclaimer: This template is for informational purposes only and does not constitute legal advice.