Smart Contracts: Benefits, Legal Enforceability and Best Practices
The combination of smart contracts with blockchain technology has created new opportunities to conduct business, realize efficiencies and establish legally enforceable digital contracts. In this two-part video series, Proskauer’s Jeffrey Neuburger and Wai Choy share:
Part 1 (Smart Contracts: Benefits & Legal Enforceability): An overview of smart contracts and their uses cases, and the law regarding enforceability of computer code as legal contracts; and
Part 2 (Smart Contracts: Best Practices): Best practices they have developed for successfully and efficiently implementing smart contracts and coordinating any associated traditional contract.
For a more in-depth discussion of smart contracts, associated issues and best practices, please read Proskauer’s Practice Note titled Smart Contracts: Best Practices.