Legal & Regulatory Ops Service
Overview of the Service
Intersect provides the essential legal foundation needed to safely manage and disburse Cardano treasury funds. We ensure that every community-approved project is backed by a secure, legally binding agreement that protects both the vendor and the Cardano ecosystem.
As an administrator in Cardano's Budget process, Intersect handles the critical behind-the-scenes legal work required to turn approved proposals into reality. Our Procurement and Legal teams manage the end-to-end creation of traditional legal contracts, conduct professional KYC (Know Your Customer) and KYB (Know Your Business) due diligence, and maintain secure audit trails.
We facilitate these agreements where Intersect is selected as an Administrator on behalf of Cardano Development Holdings (CDH). CDH is a legal entity specifically created to support the Cardano ecosystem by acting as the contracting counterparty for approved proposals.
What value does this provide to Cardano Community
Legal Protection & Clarity: By establishing a traditional Contract, the service creates a legally binding written agreement between parties that clearly defines the project's scope, deliverables, timelines, and terms. This ensures that the vendor's legal obligations perfectly mirror the original DRep-approved governance action.
Constitutional Compliance: The service guarantees that the funding process meets constitutional requirements, which mandates that a formal contract must be in place between the vendor and the administrator before any delivery begins or treasury funds can be released.
Security and Trust: Through professional KYC and KYB checks via SumSub, the community can trust that funds are being distributed to verified individuals and businesses.
Arbitration and Obligation Management: Our team is equipped to provide essential arbitration services, ensuring that all legal and regulatory obligations are met securely throughout the project's lifecycle.
How do we provide this service?
We provide this service through a clear, step-by-step procurement process designed to establish a solid legal framework before any work begins:
Due Diligence: Once DReps approve a proposal, Intersect's Procurement team initiates professional KYC and KYB checks to verify the vendor's credentials.
Contract Drafting and Review: We work with the vendor to draft a traditional legal contract. Vendors are invited to review the draft and make any necessary final amendments to ensure the contract accurately reflects their proposal before it is finalized.
Contract Signing: The finalized contract must be signed by all parties to establish the legal framework.
Handover for Delivery: Once Procurement has completed all legal checks and secured the signed legal contract from both the vendor and Intersect, they hand the contract over to the Delivery Assurance team. The Delivery Assurance team then creates the perfectly mirrored on-chain Smart Contract and manages the contract.
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