Sentences with phrase «executing contracts whose»

Smart contracts are self - executing contracts whose terms are directly written into a blockchain's code.

Not exact matches

They enact teacher evaluation and turnaround policies whose efficacy and impact rest entirely on the ability of officials to execute them competently and aggressively in the face of contracts, embedded routines, and recalcitrant cultures.

The inherent security of distributed ledgers lies in the fact that they are kept in synch across a network of authorised users and opens up the possibility of creating «smart» contracts, whose terms are executed without human intervention when triggered by an external event.

When unintended tax consequences result from a contract whose desired consequences, whether in whole or in part, are tax avoidance, deferral or minimization, amendments to the expression of the agreement in accordance with art. 1425 C.C.Q. is available only under two conditions: (a) if the unintended tax consequences were originally and specifically sought to be avoided, «through sufficiently precise obligations which objects, the prestations to execute, are determinate or determinable»; (b) «when the obligations, if properly expressed and the corresponding prestations, if properly executed, would have succeeded in doing so».