Contract law rules on formation, interpretation, conditions, and remedies require substantive adjustment before smart contracts can be accommodated.
Source quote, verbatim
Contractual legal rules regarding formation, interpretation, conditions, and remedies require substantive adjustments of smart contracts in contract law.
From
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
Cite as
Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127
Holds when
existing contract law doctrine applied to blockchain smart contracts
extended_bykaal:claim:3409548-015 Smart contracts face a legal origin problem: lawyers may argue that they are void and unenforceable, and contr...
extended_bykaal:claim:2998033-004 Smart contracts face a legal enforceability risk: they may be attacked as void and unenforceable, because cont...
supported_bykaal:claim:2992962-017 Because smart contracts are coded for computer programming rather than for a human observer, courts may not be...
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