Common use of System Setup Clause in Contracts

System Setup. The tasks in system setup include designing and finalizing the technical specification for the system, defining the processes used in the system, and specifying any requirements for operating the system. For example, a blockchain governing body (the Governing Body in the present document) needs to define the process for incorporating a new consensus node operator. Or, the governing body needs to set the security requirements an entity must meet in order to host a consensus node. The creation of the present document can be viewed as a system setup task. Other setup tasks include defining system roles and responsibilities as well as the mechanism for authorization and revocation of such roles and responsibilities.

Appears in 2 contracts

Sources: License Agreement, License Agreement