Features & Analysis
Why a rise in smart legal contracts disputes is expected
While this process may deliver time and cost savings, if that external data source does not provide reliable and timely data, the smart legal contract may not execute in a way intended by the parties.
The Law Commission issued advice to the UK Government on 25 November 2021, concluding that the current legal framework in England and Wales can facilitate and support the use of smart legal contracts without the need for statutory reform. Andrew Robson, Martin Walsh and Abi Barrett consider the Law Commission’s advice and potential issues with smart legal contracts.
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