As declared many times, our objective is to diffuse a Smart Legal Contract framework to facilitate compliance and control with less overhead. Smart legal contract are automating controls and increase the efficiency of companies.
As we know contracts often include collateral or penalties for non-compliance. The purpose is to make the possibility of fulfillment of the contract more likely. Sometimes the lawyer’s creativity in securing the other party’s compliance is noteworthy!
I was so impressed and amused to discover how a rock band (Van Halen, to be precise) used candy to show whether a contract had been carefully read and, therefore, whether the band’s complex, and potentially dangerous, technical requirements were likely to have been met!
Reading time: 5 minutes.
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