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Smart Contracts and Comparative Law - A Western Perspective (Paperback, 1st ed. 2021)
Loot Price: R3,468
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Smart Contracts and Comparative Law - A Western Perspective (Paperback, 1st ed. 2021)
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The book analyzes the most relevant developments in the relation
between contracts and technology, from automatically concluded
contracts to today's revolutionary "smart contracts" developed
through blockchain, which are beginning to and will increasingly
disrupt many economic and social relations. First of all, the
author offers a broad analysis of the peculiarities and evolution
of the relation between contracts and technology. The main features
and elements of electronic contracts are then examined in depth to
highlight the specific rules applicable to them in the
international comparative legal framework. In turn, the book
provides a detailed explanation of the technology, economic and
social dynamics, and legal issues concerning blockchain and smart
contracts. The analysis focuses on the question of the legal nature
of smart contracts, the issues posed by their development and the
first legal solutions adopted in some countries. The comparative
approach pursued makes it possible to focus attention on the first
solutions adopted until now in various systems, with particular
regard to the circulation of models and ideas and to the
specificities of their local variations, in terms of e.g.
applicable law and jurisdiction. In reviewing the characteristics
of distributed ledger technologies, and in particular of the
blockchain technology on which smart contracts are based, above all
the peculiarities of the latter are taken into consideration,
especially automatic execution and resistance to tampering, which
simultaneously present significant opportunities and complex legal
issues. A comprehensive framework is then provided to reconcile
smart contracts with comparative contract law, in order to define
the scope and specificities of their binding force, legal
effectiveness and regulation in various legal systems. Lastly, with
specific reference to the elements, pathologies and contractual
remedies for smart contracts, the book examines the peculiarities
of their application and the main issues that emerge in comparative
contract law in order to promote their harmonized use, in keeping
with the transnational nature of such a revolutionary tool.
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