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Successful Contracts: Integrating Design and Technology

In: Legal Tech, Smart Contracts and Blockchain

Author

Listed:
  • Thomas D. Barton

    (California Western School of Law)

  • Helena Haapio

    (University of Vaasa)

  • Stefania Passera

    (Helsinki University)

  • James G. Hazard

    (CommonAccord.org)

Abstract

Commercial contracts are sometimes ruefully described as “documents written by lawyersLawyers , for lawyersLawyers ,” artifacts of a negotiated exchange wrapped tightly in pages of clauses intended to insulate the agreementAgreement against litigation attacks. Yet this verbal padding decreases accessibility, functionality, and efficiency. Reforms to the classic forms and mentality surrounding contracting have recently been proposed, several of which look to insights and methods outside the legal system. This chapter describes two branches of those efforts: information designDesign and computer codificationCodification . Considered separately, each could be helpful. When combined, however, and especially when employed using the values and goals of Proactive/Preventive LawPreventive law , these methods can enhance communication, participation, and usefulness across the entire life-cycle of contracting: assessment of needs, gathering background resources, negotiation, commitment, implementation/monitoring, adjustment, and sometimes dispute resolutionDispute resolution . Although challenging to integrate, better designDesign and codificationCodification re-conceptualize contracting as a process for gathering and sharing information toward generating value and managing human and businessBusiness enterprise.

Suggested Citation

  • Thomas D. Barton & Helena Haapio & Stefania Passera & James G. Hazard, 2019. "Successful Contracts: Integrating Design and Technology," Perspectives in Law, Business and Innovation, in: Marcelo Corrales & Mark Fenwick & Helena Haapio (ed.), Legal Tech, Smart Contracts and Blockchain, pages 63-91, Springer.
  • Handle: RePEc:spr:perchp:978-981-13-6086-2_3
    DOI: 10.1007/978-981-13-6086-2_3
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    Cited by:

    1. Juan Carlos Henao & Daniel Castaño, 2021. "Disrupción tecnológica, transformación digital y sociedad. Tomo III, Derecho, innovación y tecnología: fundamentos para el mundo digital," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1282, htpr_v3_i.

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