The law of England and Wales can accommodate smart legal contracts, concludes Law Commission – Law Commission

Posted November 26th, 2021 in computer programs, contracts, Law Commission, legal services, news by tracey

‘The Law Commission has today confirmed that the existing law of England and Wales is able to accommodate and apply to smart legal contracts, without the need for statutory law reform. The Law Commission notes that, in some contexts, an incremental development of the common law is all that is required to facilitate the use of smart legal contracts within the existing legal framework.’

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Law Commission, 25th November 2021