# kaal:claim:4957318-013

**Claim.** The possibility that a law will expire without guaranteed renewal creates a climate of uncertainty that discourages the investment and long term planning which depend on consistent regulatory frameworks.

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

**Holds when.**

- capital intensive or long horizon business decisions
- regulated markets where entry depends on rule stability

**Source quote.**

> threat of laws expiring at any moment without guarantee of renewal can create a climate of uncertainty, discouraging investment and planning that relies on consistent regulatory frameworks.

**From.** Wulf A. Kaal, *The Future of Law - Dynamic Web3 Governance* (2024), Sunset Provisions, Critique, page 15

**Cite as.** Wulf A. Kaal, The Future of Law - Dynamic Web3 Governance (2024). SSRN: https://ssrn.com/abstract=4957318

**Verify.** sha256 of source PDF `137fb77eb82111a85f0ab5581926f762a7414ae84aaf3d56e8299db670e0e0c1` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202024%20-%20The%20Future%20of%20Law%20-%20Dynamic%20Web3%20Governance.pdf

**Failure mode.** expiration-uncertainty  (family: innovation-chilling)

**Topics.** economics

**Keywords.** sunset-provisions, regulatory-uncertainty, investment, market-stability, planning-horizon

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.