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E-raamat: Smart Legal Contracts: Computable Law in Theory and Practice

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Edited by (, UK Jurisdiction Taskforce), Edited by (Senior Research Fellow, Humboldt-Universität zu Berlin)
  • Formaat: 472 pages
  • Ilmumisaeg: 14-Apr-2022
  • Kirjastus: Oxford University Press
  • Keel: eng
  • ISBN-13: 9780192674296
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Smart Legal Contracts: Computable Law in Theory and PracticeSuurem pilt
  • Formaat: 472 pages
  • Ilmumisaeg: 14-Apr-2022
  • Kirjastus: Oxford University Press
  • Keel: eng
  • ISBN-13: 9780192674296
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Smart Legal Contracts: Computable Law in Theory and Practice is a landmark investigation into one of the most important trends at the interface of law and technology: the effort to harness emerging digital technologies to change the way that parties form and perform contracts. While
developments in distributed ledger technology have brought the topic of 'smart contracts' into the mainstream of legal attention, this volume takes a broader approach to ask how computers can be used in the contracting process.

This book assesses how contractual promises are expressed in software and how code-based artefacts can be incorporated within more conventional legal structures. With incisive contributions from members of the judiciary, legal scholars, practitioners, and computer scientists, this book sets out to
frame the borders of an emerging area of law and start a more productive dialogue between the various disciplines involved in the evolution of contracts as software. It provides the first step towards a more disciplined approach to computational contracts that avoids the techno-legal ambiguities of
'smart contracts' and reveals an emerging taxonomy of approaches to encoding contracts in whole or in part. Conceived and written during a time when major legal systems began to engage with the advent of contracts in computable form, and aimed at a fundamental level of enquiry, this collection will
provide essential insight into future trends and will provide a point of orientation for future scholarship and innovation.

Arvustused

The beauty of the law lies in its ability to adapt to changing circumstances and this volume honourably upholds that tradition. I look forward to the next edition as SLCs continue to attract attention. * David Glass, consultant solicitor at Excello Law, Law Society Gazette *

List of Abbreviations xi
List of Contributors xiii
Editors' Introduction 1(22)
Jason Grant Allen
Peter Hunn
1 Wrapped and Stacked: 'Smart Contracts' and the Interaction of Natural and Formal Language 23(31)
Jason Grant Allen
A Introduction
23(3)
B What is a 'Smart Contract'?
26(7)
C Is a Smart Contract Really a 'Contract'?
33(10)
D Smart Contracts and Conventional Contract Law
43(9)
E Conclusion
52(2)
2 End-to-End Smart Legal Contracts: Moving from Aspiration to Reality 54(16)
Geoffrey Vos
A Introduction
54(2)
B Where Are We Now?
56(2)
C The Thesis
58(1)
D A Preliminary Issue: Property in English Law
59(3)
E Current Developments in English Law
62(2)
F What Can be Done Once Any Legal Impediments to the Use of Smart Contracts Have Been Identified?
64(1)
G Further Questions About Smart, Legally Enforceable Contracts
65(1)
H An Inbuilt Dispute Resolution System for Smart Contracts
66(2)
I Conclusions
68(2)
3 Making Smart Contracts a Reality: Confronting Definitions, Enforceability, and Regulation 70(9)
Justice Aedit Abdullah
Goh Yihan
A Introduction
70(1)
B The Definitional Debate: What is a 'Smart Contract'?
71(2)
C The Enforceability of Smart Contracts
73(5)
D The Statutory Regulation of Smart Contracts
78(1)
E Conclusion
78(1)
4 Smart Contracts and Dispute Resolution: Faster Horses or a New Car? 79(9)
Justice Stephen Estcourt
A Introduction
79(1)
B Smart Legal Contracts and Dispute Resolution
80(5)
C Conclusion
85(3)
5 Why the Ricardian Contract Came About: A Retrospective Dialogue with Lawyers 88(19)
Ian Grigg
A Introduction
88(1)
B The Origins of the 'Riccy'
89(4)
C The War of the Wordsmiths
93(7)
D Random Experiences on the Ricardian Journey
100(2)
E Enter 'Smart Contracts'
102(3)
F Conclusion
105(2)
6 Smart Contracts: Taxonomy, Transaction Costs, and Design Trade-offs 107(35)
Alfonso Delgado De Molina Rius
A Introduction
107(2)
B Contract Taxonomy
109(10)
C Smart Contracts and Contract Law: A Transaction Costs Approach
119(23)
7 A Model for the Integration of Machine Capabilities into Contracts 142(40)
Natasha Blycha
Ariane Garside
A Introduction
143(3)
B Grounding the SLC Concept-The Space Ship Scenario
146(1)
C The SLC Model-Foundational Components
146(9)
D The SLC Model Drafting Principles
155(2)
E Conjoined Method
157(8)
F Smart Boilerplate
165(10)
G Clause Classification
175(1)
H The Legal Status of Automated Contract Performance
176(1)
I The Legal Void of the Digital Economy
177(2)
J Conclusion
179(3)
8 Six Levels of Contract Automation: The Evolution of 'Smart Legal Contracts' 182(23)
Susannah Wilkinson
Jacques Giuffre
A Introduction
182(2)
B Automation and Digital Transformation
184(2)
C Smart Legal Contracts
186(5)
D Analogy Between Automation of Contracts and Autonomous Vehicles
191(12)
E Conclusion
203(2)
9 Smart Contracts as Execution Instead of Expression 205(20)
Eric Tjong Tjin Tai
A Introduction
205(1)
B Definition and Principal Characteristics of Smart Contracts
206(5)
C Smart Contracts and the Role of Interpretation
211(6)
D Extensions to Smart Contracts? Oracles and Libraries
217(2)
E Implementing Contract Law in Smart Contracts
219(4)
F Conclusion
223(2)
10 Smart Contracts: The Limits of Autonomous Performance 225(21)
Tian Xu
A Introduction
225(2)
B De-constructing Autonomous Performance: Three Core Functionalities
227(3)
C Documentary Credit: Analogue Autonomous Performance
230(3)
D Comparative Analysis of Smart Contracts and Documentary Credit
233(11)
E Conclusion
244(2)
11 Techno-Legal Supertoys: Smart Contracts and the Fetishization of Legal Certainty 246(23)
Robert Herian
A Introduction
246(3)
B Prelude: The Persistence of 'Supertoys'
249(3)
C Smart, but not Intelligent, Contracts
252(5)
D Legally Weak?
257(8)
E Conclusion
265(4)
12 Languages for Smart and Computable Contracts 269(36)
Christopher D. Clack
A Introduction
269(2)
B The Language Stack
271(7)
C Natural and Formal Expression
278(5)
D Semantics
283(9)
E Computable Contracts
292(11)
F Conclusion
303(2)
13 The Mathematization of Legal Writing: The Next Contract Language? 305(22)
Megan Ma
A Introduction
305(2)
B A Primer on Translation
307(3)
C Logical Ancestors and the Formalistic Return
310(5)
D A Study of Code
315(7)
E Observations and Implications
322(3)
F Conclusion
325(2)
14 Beyond Human: Smart-contracts, Smart-Machines, and Documentality 327(12)
David Koepsell
A Introduction
327(1)
B Social Objects and Documents
328(9)
C Conclusion
337(2)
15 Smart Contract 'Drafting' and the Homogenization of Languages 339(14)
Siegfried Fina
Irene Ng
A Introduction
339(1)
B Language, Contract Drafting, and Lawyers
340(2)
C Smart Contracts and Language Homogenization
342(2)
D Language Homogenization
344(3)
E Impacts of Language Homogenization by Smart Contracts
347(5)
F Conclusion
352(1)
16 Practice Makes...Pragmatic: Designing a Practical Smart Contract Legal Architecture 353(16)
Scott Farrell
Hannah Glass
Henry Wells
A Introduction
353(2)
B Interoperability
355(2)
C Certainty
357(1)
D Flexibility
358(4)
E Accountability
362(3)
F Safety
365(2)
G Conclusion
367(2)
17 Lawyer Meets Developer: How Interdisciplinary Collaboration Builds Smarter Legal Contracts 369(14)
Madeleine Maslin
Joshua Butler
A Introduction
369(2)
B The Emerging Taxonomy of Interdisciplinary Collaboration
371(3)
C The Relative Benefits of Different Ways of Working
374(5)
D Lawyers, Standards, and Emerging Technologies
379(3)
E Conclusion
382(1)
18 Not Up to the Job: Why Smart Contracts are Unsuitable for Employment 383(14)
Gabrielle Golding
Mark Giancaspro
A Introduction
383(2)
B Background to Smart Contracts in Employment
385(3)
C Why Smart Contracts are Unsuitable for Employment
388(7)
D Conclusion
395(2)
19 The Legal Consequences of Automated Mistake 397(23)
Simon Gleeson
A Introduction
397(1)
B Quoine Pte Ltd v B2C2 Ltd
398(5)
C The Law of Mistake
403(9)
D Integrating Cyber-contracts with the Law of Mistake
412(4)
E Commercial Certainty
416(3)
F Conclusion
419(1)
20 Dispute Resolution for the Digital Economy: DLT as a Catalyst for Online Dispute Resolution? 420(35)
Charlie Morgan
Dorothy Livingston
Andrew Moir
A Introduction
421(1)
B Setting the Scene
422(6)
C Drivers and Obstacles to Online Dispute Resolution
428(7)
D Is DLT an Additional Catalyst for ODR?
435(16)
E The Road Ahead: Multidisciplinary Collaboration
451(1)
F Conclusion
452(3)
Bibliography 455(44)
Index 499
J.G. Allen is a Senior Research Fellow at the Humboldt-Universität zu Berlin. He works on the legal impacts of emerging technologies. He has consulted for public and private bodies, is a member of current UNIDROIT and UNCITRAL working groups on novel technologies, and is Tasmanian chapter chair of the Australian Society of Computers and Law. His recent work on smart contracts, cryptoassets, artificial intelligence, and Internet jurisdiction has been published in leading international journals and handbooks. Jason read law at the University of Tasmania, Universität Augsburg, and Cambridge University, the latter as a Poynton Scholar.



P.G. Hunn is a member of the UK Jurisdiction Taskforce chaired by Sir Geoffrey Vos, Master of the Rolls. He founded the Linux Foundation's Accord Project and convenes national and international standards initiatives on computable contracts. He read law at the University of Cambridge and University of Bristol.
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