Self-Enforcing Agreement Material

Consequently, the incomplete nature of these agreements is endogenous, indicating that the parties had other reasons for not specifying the conditions in question. Let`s add a few other contract law terms for more context: (8) implied contract; (9) implied contract; (10) contract of indefinite duration; (11) agreement agreement; (12) Contract of indefinite duration; ¹ (13) . So, is there some kind of “Smart Contract auto-force”?? The answer is . Maybe. Rhetorically, the parallels with “self-forced Smart Contracts” are striking. We will come back to this shortly. At this point, it should be clear that “auto-forcing contracts” are an oxymoron. A “self-force contract” is like a “self-reading book.” First, it seems good to automate a difficult underlying process until one realizes that if the book is read by itself, it destroys the purpose of the book – which is to be read by readers…


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