kaal:claim:2939127-026

Because the legal origin of smart contracting is unsettled, lawyers may argue that smart contracts are void and unenforceable under the law even where the smart contract accurately reflects the parties' underlying agreement.

While smart contracts may reflect the underlying contract between parties, lawyers may argue that "smart contracts" are void and unenforceable under the law.

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017), III.4. Limitations, p. 30
https://ssrn.com/abstract=2939127 · source PDF

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127

• smart contracts assessed under existing contract law doctrine

failuresupport: arguedfailure: smart-contract-unenforceabilityfamily: legal-personality-and-liability-gapsmart-contractslaw-and-legal-systemsrisk-and-incentives

• restated_by kaal:claim:3071378-009 Even where a smart contract reflects the underlying bargain between the parties, lawyers may argue that smart ...
• extended_by kaal:claim:3409548-015 Smart contracts face a legal origin problem: lawyers may argue that they are void and unenforceable, and contr...
• extended_by kaal:claim:5554218-009 Unless the scope and permissible transactions of smart contracts are bounded by law, smart contracts risk bein...
• restated_by kaal:claim:2998033-004 Smart contracts face a legal enforceability risk: they may be attacked as void and unenforceable, because cont...

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