[committee] Incorporation: Memorandum of Understanding

[Daniel Axtens]

Hi all,

You may be aware that the guild was requiring us to sign a MOU in order to incorporate. You may also remember previous emails regarding our concerns with the MOU.

Our concerns were mostly that the agreement seemed to be unenforceable. As it turns out, the Guild did not intend the MOU to be legally binding (and incorrectly believed that MOUs are never enforceable.)

Obviously this changed the situation considerably. The committee was of the opinion that having a gentleman's agreement with the guild was perfectly acceptable, and voted by email to accept the MOU. The MOU was duly signed and the amended constitution was delivered to the Department of Commerce earlier this week.

The upshot is that the UCC's legal position is unchanged: we retain full legal control over our money at all times. The document states that we intend to transfer our resources to the guild if we permanently dissolve, but there's no legal obligation to do so --- the guild take us to court to make us.

As always, if you have any questions, feel free to contact me.

Best regards,
[DJA]