Constitution - collective statement of intent: 1. Organized — legally speaking (purpose, principles, membership, governance, operations) 2. Definitions — a legal wrapper is pretty much just a boring old legal “company” but ratification/participation creates legal relations (member) 3. Rights & Obligations - under the doctrine of private ordering, we can create property rights (access to platforms), identify wrong-doing (torts) and under applicable law, act on behalf of members
