Smart contracts are automatically executed computer code that complete a transaction between two parties. They are essential to distributed blockchains and other distributed ledger technologies. I believe the proper use of smart contracts is indispensable to Web 3.0 working correctly.
While appreciating the importance of smart contracts, many unanswered legal questions surround their use. For example:
Are smart contracts legally enforceable in the United States?
How do The Uniform Commercial Code and Statute of Frauds work with smart contracts?
Is the Electronic Signatures in Global National Commerce Act (“E-SIGN Act”) applicable to smart contacts?
My popular weekly Twitter newsletter includes my personally curated tweets on Web 3.0, Metaverse, Blockchain, Smart Contracts, Digital Wallets, Digital Currency and everything else in between. Read here and become part of the weekly community here.
These proven mediation and negotiation tips have worked well for me over the last 35 years. They have also been extremely effective in several recent Web 3.0 and the Metaverse transactions we’ve helped clients with. Hopefully you’ll find value in these approaches too.
Join us tonight (Wednesday) in the Spatial Metaverse for a free tour and live Q&A.
If you’ve been wondering why we’re so excited about this new technology, stop by and find out for yourself! We’ll be live at 5 PM PDT (8 PM ET). All the details and access link can be found at the end of Tuesday’s LinkedIn newsletter.
In this month’s UK based Modern Law Magazine, I share five steps to help lawyers develop strategic and consistent brand equity in the Metaverse. I’d also like to include a special “thank you” to my friend from across the pond, Chrissie Lightfoot!