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University deli Studio di Pad ova Padua Research Archive Institutional RepositoryProgramming Legal Contracts: A Beginners Guide to Stimuli Original Citation:Availability: This version is available
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Smart legal contracts are self-executing contracts with the terms of the agreement directly written into code, enabling automatic execution and enforcement when conditions are met.
Generally, parties involved in transactions that utilize smart legal contracts are required to file, depending on the jurisdiction and specific regulations governing their use.
To fill out smart legal contracts, parties must input pertinent information and conditions into the contract code, ensuring it reflects the agreed-upon terms and is compliant with relevant laws.
The purpose of smart legal contracts is to automate and secure contract execution while reducing the need for intermediaries, enhancing efficiency, and minimizing disputes.
Information that must be reported typically includes the identities of the parties, the terms of the agreement, payment details, and any conditions that trigger execution.
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