The legal pack
8 min read · Updated Nov 2026
The Founder/Operator legal pack sets out the agreements and company rules behind a raise. This page collects the Standard edition used in the create flow so you can read it before starting a draft or connecting a wallet. For the entity itself, start with Your legal entity.
Download the complete Standard pack (PDF · 85 pages). It combines documents 01–08 with PDF bookmarks. The corporate reference records and your personalized preparation schedules are separate.
How to navigate the pack
Choose a question in the guide below, or use Previous and Next to read all four topics. Each topic links to its source PDFs. Expand “All 8 documents and corporate reference records” for individual Open and Download links; expand “SPC reference records” inside it for the four historical company records. Open links launch a new tab. In the combined PDF, use your reader’s bookmarks to jump between documents.
Read Cover and defined terms first. The Memorandum and Articles describe the company framework. The Services Agreement and SegCo Operating Agreement cover the Operator’s work and authority. The founder and personnel confidentiality and invention-assignment agreements (CIIAAs) address IP in different relationships. The Deal Management Technologies Agreement covers the tooling used for the deal.
Read the documents
A home for your business
Your business gets a segregated portfolio inside Futarchy Governance SPC, an existing Cayman company. You do not incorporate a separate company. The portfolio keeps your business’s assets and obligations separate from other portfolios.
The SPC can enter contracts and hold assets for your portfolio. The Memorandum sets its purposes and capital; the Articles explain how portfolios are established and governed. Your token’s economics are distinct from the SPC’s Management Share.
Referenced documents
All 8 documents and corporate reference records
What gets created?
| Cover and defined terms | Open: Cover and defined terms (opens in a new tab)Download: Cover and defined terms |
|---|---|
| Memorandum of Association | Open: Memorandum of Association (opens in a new tab)Download: Memorandum of Association |
| Articles of Association | Open: Articles of Association (opens in a new tab)Download: Articles of Association |
What will I operate?
| Services Agreement | Open: Services Agreement (opens in a new tab)Download: Services Agreement |
|---|---|
| SegCo Operating Agreement | Open: SegCo Operating Agreement (opens in a new tab)Download: SegCo Operating Agreement |
What happens to our IP?
| Founder confidentiality and IP assignment | Open: Founder confidentiality and IP assignment (opens in a new tab)Download: Founder confidentiality and IP assignment |
|---|---|
| Personnel confidentiality and IP assignment | Open: Personnel confidentiality and IP assignment (opens in a new tab)Download: Personnel confidentiality and IP assignment |
What happens when we sign?
| Deal Management Technologies Agreement | Open: Deal Management Technologies Agreement (opens in a new tab)Download: Deal Management Technologies Agreement |
|---|
SPC reference records · 4 PDFs
Background records of the shared company’s formation. Separate from your packet, with nothing to complete. Supplied historical copies, not checked against a live registry.
| Certificate of incorporation | Open: Certificate of incorporation (opens in a new tab)Download: Certificate of incorporation |
|---|---|
| Filed Memorandum of Association | Open: Filed Memorandum of Association (opens in a new tab)Download: Filed Memorandum of Association |
| Filed Articles of Association and attachments | Open: Filed Articles of Association and attachments (opens in a new tab)Download: Filed Articles of Association and attachments |
| Section 165 affidavit | Open: Section 165 affidavit (opens in a new tab)Download: Section 165 affidavit |
From templates to your preparation packet
In Create a raise, Legal → Prepare uses your answers to draft a services schedule, Operator schedule, founder disclosures and expected system-address references. Review each in Legal → Review, download your packet, and save your reviewed version with your organization. These personalized schedules remain private; they are not part of the public PDF library.
Saving a review is an acknowledgment, not a signature. Signing happens through MetaLeX using your Base wallet; the token and governance accounts are on Solana. Share the preparation packet securely with MetaLeX yourself, check that the agreed schedules appear in the final signing documents, and retain the executed copies and signature evidence. Backable does not automatically attach the downloads to MetaLeX.
What to check before signing
Check names, signing authority, services and payment terms against the final populated documents. Identify assets held by another company and any employment or licensing restrictions. A disclosure does not approve an exception: accepted changes must be incorporated into the final agreements. Never put private keys or passwords in a schedule.
Assignment and licensing have different effects. When a prospective Operator signs before the first raise, Founder CIIAA §3(g) delays assignment until that raise meets its configured minimum. Section 3(b) separately licenses certain inventions used in the business. A failed raise does not automatically release every obligation. Read the clauses with counsel, including how any retained IP is treated.
The corporate reference records are historical supplied copies, not proof of current good standing or your portfolio’s executed agreements. The preparation Operating Agreement and the form attached to the filed Articles differ; confirm which version governs rather than treating them as interchangeable.