Avoiding Disputes in Web3: The Importance of Digital Contracts and TOS AgreementsAvoiding Disputes in Web3: The Importance of Digital Contracts and TOS Agreements

Last week as a private mediator, I had the opportunity to help parties in multiple cases resolve web3 business disputes.

Reflecting back on the week, I want to share the following with you.

What I see over and over in the new web3 spaces are misunderstandings and disputes happening when one or all parties fail to:

1️⃣ Document the work or performance agreement with a digital or written contract;

2️⃣ Read the TOS agreement that controls either the platform or rights between the parties.

Rolling into the weekend, I’m encouraging web3 artists, creators, and business owners to consider the above.

Why?

Because I believe that about 95% of most web3 business disputes can be avoided if the parties simply do the above two things.

Stay safe, enjoy the weekend, and never stop making each day your masterpiece.

Mitch

PS- If you’re a web3 creator and would like more business/legal tips shared by experts, join us on August 8th in this special metaverse event https://mitchjackson.com/2023/07/22/metaverse-august-2023/