Open AccessLimitations of Code in Contracts
Author(s) -
William E Brown
Publication year - 2019
Publication title -
victoria university law and justice journal/victoria university law and justice journal
Language(s) - English
Resource type - Journals
eISSN - 2202-7912
pISSN - 2203-2908
DOI - 10.15209/vulj.v9i1.1148
Subject(s) - code (set theory) , range (aeronautics) , computer science , law and economics , business , computer security , linguistics , economics , programming language , engineering , philosophy , set (abstract data type) , aerospace engineering
Smart contracts have been identified as a potential replacement for traditional written contracts, offering objective and predictable code as a substitute for complicated and impenetrable prose. The inherent complexity in contractual relationships, however, requires agreements to account for a range of often unpredictable circumstances. This complexity also prevented the widespread simplification of legal documents in the wake of the Plain English Movement.