kaal:claim:3071378-009

Even where a smart contract reflects the underlying bargain between the parties, lawyers may argue that smart contracts are void and unenforceable under the law.

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

Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017), II.2 Limitations, p. 13
https://ssrn.com/abstract=3071378 · source PDF

Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378

• existing contract law doctrine applied to code-based agreements

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

• restates kaal:claim:2939127-026 Because the legal origin of smart contracting is unsettled, lawyers may argue that smart contracts are void an...
• 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...
• restates 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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