Below is the abstract for “Machines and Contractual Intent,” available for download on SSRN.
Machines are making contracts—law is not ready. This paper describes why machine-made contracts do not fit easily into the common law of contracts or the Uniform Commercial Code for Sales. It discusses three ways to fit machine-made contracts into common law and discusses the challenges with each approach. Then it presents a new UCC Sales provision that uses Web3 concepts like blockchain to certify machine-made contracts in traditional legal systems.