Sentences with phrase «contract language becomes»

Computable contract language becomes more valuable to the legal sector, once we start using «smart contracts» that are self - executing.

Contract language becomes completely secondary — commoditized — on a deal platform.

Not exact matches

Similarly, when it becomes necessary to fill a classroom vacancy or to remove an ineffective teacher, district officials are often hobbled by contract language.

Academic language (e.g., analyze, contract, factor, structure, minor) is used in classroom lessons, books, assignments, and tests, and students must become proficient in it to learn effectively in school and academic programs.

The root cause is that because any transaction will closely resemble previous transactions, drafting has become largely an exercise in regurgitation, with most contract language being given a pass.

However, that doesn't stop the idea of «computable contracts» and the development of a hybrid code / legalese language being developed, nor it becoming a very important part of the legal ecosystem.

I've stated before that I'm a big believer in Rust's forgiving and security - oriented framework, and firmly hold that it should become the go - to language for smart contract scripting.

And now there is Solidity that is rapidly becoming the favored language for Smart Contracts that lie at the centre of a new Democracy.