Smart Legal Contracts: Computable Law in Theory and Practice

Jason Allen · Peter Hunn

pri 2022 · Oxford University Press

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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.

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J.G. Allen is a Senior Research Fellow at the Humboldt-Universit?t 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, Universit?t 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.