# kaal:claim:2998033-004

**Claim.** Smart contracts face a legal enforceability risk: they may be attacked as void and unenforceable, because contract law rules on formation, interpretation, conditions and remedies were not written for coded agreements and require substantive adjustment.

**Type.** failure  **Support.** argued

**Holds when.**

- applies under contract law regimes that have not been amended to recognize smart contracts

**Source quote.**

> lawyers may argue that "smart contracts" are void and unenforceable under the law. Contractual legal rules regarding formation, interpretation, conditions and remedies require substantive adjustments for smart contracts in contract law.

**From.** Wulf A. Kaal, *Blockchain Innovation for Private Investment Funds* (2017), II.4. Limitations, page 11

**Cite as.** Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033

**Verify.** sha256 of source PDF `aafb1be3c25cd33da477d759df9ca2f856f0a8fe133d6396da2e75d0af573dbd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Innovation%20for%20Private%20Investment%20Funds.pdf

**Failure mode.** smart-contract-unenforceability  (family: legal-personality-and-liability-gap)

**Topics.** smart-contracts, law-and-legal-systems

**Keywords.** smart-contracts, contract-law, enforceability, legal-limitations

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3409548-015
- extends: https://wulfkaal.github.io/claims/2939127-027
- restated_by: https://wulfkaal.github.io/claims/3071378-009
- restates: https://wulfkaal.github.io/claims/2939127-026

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