The “computable contract” is a standard that many in the legal community have aspired to over the last few years. Researchers at Stanford’s CodeX and Singapore-based Legalese are both also attempting to create standards and prototypes of code-enabled contract work. Still, many of the technology functions that lawyers’ would prefer in a computable contract remain out of reach.
UK-based dynamic contract startup Clause is now in the process of demoing its “data-driven contracts,” and the company is promising its solution will integrate live data directly into the binding text of a contract. Clause’s data-driven contract is clearly a step towards a functioning, enforceable computable contract, but it’s not yet a be-all end-all solution.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
