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BranDAOn / OP-SAFT

A one-page simple agreement for future tokens. Learn the definitions in the glossary, learn the terms in the annex, and let's all work together to make fundraising easier.
The Unlicense
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"OP SAFT" #3

Open HazardJ opened 2 years ago

HazardJ commented 2 years ago

As far as I can tell, the term "OP SAFT" is used for the instrument. but is not a defined term. The term "SAFT" is defined. Is this intended?

HazardJ commented 2 years ago

Whoops, the term "OP SAFT" is quoted (and therefore defined?) in the title of the instrument.

BranDAOn commented 2 years ago

That's right, I think. There aren't any disclaimers for headings not being operative / binding, and the pseudo-preamble provides for all "undefined capitalized terms" to be defined with reference to the annex, so theoretically including the defined term in the annex should be enough for a court to find that the parties intended for the term "OP SAFT" to refer to https://github.com/BranDAOn/OP-SAFT/blob/main-(non-U.S.-investor)/FORM-OF-OP-SAFT.md (or the document) generally.