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3.2 - Contracts as Interfaces

Visual Representation Patterns in Contract Design

from A. - Contracts and Patents

Published online by Cambridge University Press:  04 February 2021

Daniel Martin Katz
Affiliation:
Chicago-Kent College of Law
Ron Dolin
Affiliation:
Harvard Law School, Massachusetts
Michael J. Bommarito
Affiliation:
Stanford CodeX
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Summary

The world of contracts is undergoing fundamental changes. This is partly due to technology: there can be tremendous benefits from self-enforcing, machine-readable contracts. But these technologies are not used everywhere. Many contracts continue to be performed by people. In the context of commercial deals and relationships,1 a vast number of contracts still need to be planned, understood, approved, implemented, and monitored by people.2 Initiatives across the world seek to innovate contracting processes and documents and develop more effective, engaging ways for people to work with them. This chapter focuses on these initiatives and the need to make contracts truly human-readable.

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Legal Informatics , pp. 213 - 238
Publisher: Cambridge University Press
Print publication year: 2021

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