Contracts are inevitably present in a day-to-day interaction within the Cardano community. Neverending negotiations are time consuming and cost money on legal fees.
This is the total amount allocated to Legal toolkit for Cardano ecosystem: Set of standard well-balanced contracts.
Martin Repka
Tomas Richter Urban
Creating a set of must-have legal documents with neutral jurisdiction (English law based) that would constitute a well-balanced golden industry standard. Ready for use without further negotiations.
No dependencies.
Yes, docs will be publicly accessible, downloadable and editable.
This proposal is not related to SDGs.
Each project is using some basic legal documentation. Downloaded templates, usually even not fitting the purpose. Imbalanced, favoring the contract proposing party. We will prepare a set of must-have legal documentation that will be a WIN-WIN situation for the stakeholders. Utilizing years of experience working for big software development houses enables us to bring a new perspective of fairness into the contracts. Making it acceptable for both parties.
Good contracts raise the motivation of parties to fulfill their goals. Raising contractual penalties to the clouds does not force the party to act, and neither is it the way of the 21st century.
We will create a must-have set of legal documents that would be general enough to cover all the main issues, creating a highway for your cooperation, work, orders, and invoices to ride it.
Every Company and Individual needs contracts for:
We will create the following standardized agreements for the adoption by the Cardano Community:
After the creation of the agreement, we will write a thorough HowTo along with holding Q&A to explain the particularities of the contract.
Cardano users (both individuals and companies) will get access to fundamental legal documentation, raising safety and predictability, and lowering costs in the Cardano ecosystem. A win-win situation for all the stakeholders.
The key metrics will be the number of users downloading the templates and the number of total downloads.
The insights and results will be disseminated through our Sparring website and Catalyst’s reporting channels, and other Cardano & Sparring social media channels.
Sparring is an international law firm operating in the EU, US and UK, with a dedicated crypto focused practice. We have a long history of providing legal support to a number of projects active on Cardano, such as Vacuumlabs, NuFi, etc. We are servicing crypto clients globally. Our client portfolio includes crypto hedge fund, DEX, DeFi financial center, wealth management platform, digital marketplace and other crypto projects, several of which operate on Cardano. See more at https://sparring.io/crypto/
Create a set of documents (Contractor Agreement, Software MSA, SLA, NDA)
Write a how-to and add an explanation to the structural clauses of the contracts.
Publishing the contracts and holding 2 times 1 hour Q&A sessions.
Head of Crypto desk of Sparring
Coming from the world of banking, finance and capital markets law, Tomas has become an expert in crypto and fintech. He gained some first hand experience serving as a chief legal officer in a prominent crypto hedge fund. Tomas leads Sparring’s Crypto and Web3 practice.
Legal Mind
Raised in startups, Martin focuses on IT law, intellectual property and corporate governance. He also assists various early stage blockchain & crypto businesses.
Senior Crypto Leal Mind
Andrej is a crypto enthusiast, and blockchain seasoned attorney. He regularly advises high-profile crypto & fintech companies. He serves as a CLO of a crypto wealth management platform on Cardano.
The project is able to save the entire Cardano ecosystem a significant sum on legal costs by providing a free, standardized set of documents. Further reducing costs of each player of the ecosystem not only through having free direct access to the agreements, but also by establishing a standardized set of documents that reduce the need for haggle over petit clauses.
The whole ecosystem will gain access to Cardano tailored:
The whole project is budgeted at ₳ 62,771. The standard price for (i) Contractor Agreement, (ii) Software MSA, (iii) NDA, and (iv) SLA is somewhere around ₳ 30,000 - 40,000. Utilizing our legal documentation in just three projects already saves a great amount of money for the whole Cardano ecosystem. More money = more projects = more revenue for the Cardano ecosystem.