Legal Considerations Worksheet

COPY THIS OVER TO A WORD DOCUMENT.

1. Entity Formation

• Type of Entity: (Consider options like LLC, partnership, or sole proprietorship)

  • Reasons for this choice:

• Legal Consultation: (It's highly recommended to consult with a business attorney)

  • Name of attorney/firm:

  • Key advice received:

2. Legal Compliance

• Relevant Laws and Regulations: (List down all relevant laws in your jurisdiction, including securities, tax, privacy laws, etc.)

  • List of relevant laws:

  • How will your project comply with these:

• International Operations: (If applicable, consider the legal landscape in other jurisdictions)

  • Relevant international jurisdictions:

  • Compliance strategies for these jurisdictions:

3. Intellectual Property Rights

• IP Strategy: (Ensure all creative elements are either original, licensed, or fall under fair use)

  • Description of creative elements:

  • Strategy for securing IP rights:

4. Legal Consultation

• Legal Advisor: (Consider engaging a legal advisor knowledgeable in blockchain and crypto regulation)

  • Name of legal advisor:

  • Key advice received:

5. Smart Contract Audit

• Audit Strategy: (Consider obtaining a smart contract audit from a reputable source)

  • Potential audit firms:

  • Benefits of choosing these firms:

6. Terms and Conditions, Privacy Policy

• Drafting Strategy: (Prepare clear and comprehensive Terms and Conditions and Privacy Policy documents)

  • Key points for Terms and Conditions:

  • Key points for Privacy Policy:

Remember, using an AI like ChatGPT can help to fill out this worksheet more efficiently and generate more ideas. However, always consult with a legal professional to ensure all bases are covered.

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