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Tag Archives: term sheet

Posted in Technology Theodore J. Mlynar

Why Smart Contracts Will Need ‘Smart Term Sheets’ to Match

In the era of smart contracts, lawyers will still have plenty of work ensuring the devs get the code right. Many people expect that formal written contracts, and the lawyers that draft them, will be obsolete.

It is presumed that the agreed-upon term sheet will be simply given to a software developer to convert into smart contract computer code. That … Continue Reading