A 📝Cash Distribution Agreement can be created, agreed to and implemented at CashDistributionAgreement.com according to the following process:
- Create account, dual factor authentication required.
- Invite counter-parties.
- Each counter-party creates account and connects a bank account.
- Bank accounts are verified.
- Counter-parties create and edit the terms of Cash Distribution Agreement until all counter-parties are satisfied.
- Legal documents are auto generated and distributed for electronic signature.
- Cash Distribution will commence on the start date in the legal documents.
The terms themselves can take many shapes; see 📝Examples of Cash Distribution Agreements.
Initially, Cash Distribution will use the Stripe/ACH method, avoiding regulations related to holding money and accepting fiduciary obligations. Other 📝Methods of Implementing a CDA will require more legal research; see 📝CDA Regulatory Concerns.