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What are algorithmic or automated contracts, and how do the European Law Institute’s Guiding Principles and Model Rules on Digital Assistants for Consumer Contract (DACC) and UNCITRAL’s Model Law on Automated Contracting (MLAC) approach them?In this video, we break down the architecture of algorithmic contracts in a practical and accessible way, focusing on:- what “algorithmic contracts” mean in DACC- how ELI's DACC approach digital asset and data-driven contracting- how UNCITRAL’s Model Law on Automated Contracting (MLAC) fits into the picture- the key differences, overlaps, and implications for digital commerce, smart transactions, and cross-border legal designThis video is for educational purposes only and does not constitute legal advice.If you’re interested in digital law, automated contracting, smart contracts, AI governance, and the future of commercial law, subscribe for more explainers.#AlgorithmicContracts #AutomatedContracting #UNCITRAL
By Tech & Law DigestWhat are algorithmic or automated contracts, and how do the European Law Institute’s Guiding Principles and Model Rules on Digital Assistants for Consumer Contract (DACC) and UNCITRAL’s Model Law on Automated Contracting (MLAC) approach them?In this video, we break down the architecture of algorithmic contracts in a practical and accessible way, focusing on:- what “algorithmic contracts” mean in DACC- how ELI's DACC approach digital asset and data-driven contracting- how UNCITRAL’s Model Law on Automated Contracting (MLAC) fits into the picture- the key differences, overlaps, and implications for digital commerce, smart transactions, and cross-border legal designThis video is for educational purposes only and does not constitute legal advice.If you’re interested in digital law, automated contracting, smart contracts, AI governance, and the future of commercial law, subscribe for more explainers.#AlgorithmicContracts #AutomatedContracting #UNCITRAL