{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/consideration",
 "identifier": "kaal:entity:consideration",
 "name": "Consideration",
 "termCode": "consideration",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/consideration.md",
 "sha256": "d03fae411dd22ab3ab5a7ab9e8b8b1013c968da6e5a85e8637fc9de345f16bae",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "status",
   "value": "derived"
  },
  {
   "@type": "PropertyValue",
   "name": "claim_count",
   "value": 3
  },
  {
   "@type": "PropertyValue",
   "name": "work_count",
   "value": 1
  },
  {
   "@type": "PropertyValue",
   "name": "year_span",
   "value": [
    "2025",
    "2025"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "non_current_claims",
   "value": 0
  }
 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5554218-005",
   "identifier": "kaal:claim:5554218-005",
   "text": "Posting cryptocurrency to escrow like smart contracts is often uneconomic compared with traditional financial instruments, and this inefficiency undermines the practical utility of smart contracts as a vehicle for consideration, especially in high value or long term agreements.",
   "abstract": "posting cryptocurrency to escrow-like smart contracts is often uneconomic compared to traditional financial instruments.10 This inefficiency challenges the practical utility of smart contracts as a vehicle for consideration, particularly in high-value or long-term agreements.",
   "citation": "Furrer Andreas, Wulf A. Kaal, Universal Digital Law Codex (UDLC) Building the Legal Infrastructure for the Digital Era (2025). SSRN: https://ssrn.com/abstract=5554218",
   "datePublished": "2025",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "high value agreements",
    "long term agreements",
    "escrow style locking of crypto collateral"
   ],
   "source_pdf_sha256": "55738b4035a91b70aa2ddaa127552fe4b373ec641afee2719fbdcabebdcbea44",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5554218-006",
   "identifier": "kaal:claim:5554218-006",
   "text": "Physical goods cannot be fully governed by code, so contracts requiring tangible performance need external mechanisms to verify compliance, and smart contracts may therefore fail to satisfy the consideration requirement in such contexts.",
   "abstract": "Unlike digital assets, physical goods cannot be fully governed by code, requiring external mechanisms to verify compliance with contractual terms. This limitation suggests that smart contracts may struggle to fulfill the consideration requirement in contexts requiring tangible performance,",
   "citation": "Furrer Andreas, Wulf A. Kaal, Universal Digital Law Codex (UDLC) Building the Legal Infrastructure for the Digital Era (2025). SSRN: https://ssrn.com/abstract=5554218",
   "datePublished": "2025",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "sales contracts requiring transfer of physical possession",
    "contracts involving tangible rather than purely digital assets"
   ],
   "source_pdf_sha256": "55738b4035a91b70aa2ddaa127552fe4b373ec641afee2719fbdcabebdcbea44",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5554218-032",
   "identifier": "kaal:claim:5554218-032",
   "text": "The Universal Digital Law Codex addresses the economic inefficiency of consideration by embedding dynamic compliance mechanisms that let smart contracts adapt to market conditions such as cryptocurrency price fluctuation or delays in physical delivery.",
   "abstract": "UDLC tackles economic inefficiencies in consideration by embedding dynamic compliance mechanisms within smart contracts. These mechanisms allow contracts to adapt to market conditions, such as fluctuations in cryptocurrency value or delays in physical delivery,",
   "citation": "Furrer Andreas, Wulf A. Kaal, Universal Digital Law Codex (UDLC) Building the Legal Infrastructure for the Digital Era (2025). SSRN: https://ssrn.com/abstract=5554218",
   "datePublished": "2025",
   "claim_type": "design",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "transactions exposed to volatile crypto valuations or delayed physical performance"
   ],
   "source_pdf_sha256": "55738b4035a91b70aa2ddaa127552fe4b373ec641afee2719fbdcabebdcbea44",
   "status": "current"
  }
 ],
 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'consideration'. Derived node: a roster, not an adjudicated definition."
}