Digital Technology, Future Lawyers and the Computable Contract Designer of Tomorrow
Publikation: Bidrag til bog/antologi/rapport › Bidrag til bog/antologi › Forskning › fagfællebedømt
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Digital Technology, Future Lawyers and the Computable Contract Designer of Tomorrow. / Corrales Compagnucci, Marcelo; Fenwick, Mark; Haapio, Helena.
Research Handbook on Contract Design. Cheltenham : Edward Elgar Publishing, 2022. s. 421-444.Publikation: Bidrag til bog/antologi/rapport › Bidrag til bog/antologi › Forskning › fagfællebedømt
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TY - CHAP
T1 - Digital Technology, Future Lawyers and the Computable Contract Designer of Tomorrow
AU - Corrales Compagnucci, Marcelo
AU - Fenwick, Mark
AU - Haapio, Helena
PY - 2022
Y1 - 2022
N2 - This article explores the shifting character of contract design in the digital revolution, focusing on how emerging technologies are providing the contracting community with innovative new digital tools and resources that facilitate the creation of more user-friendly contracts. We identify emerging technologies that strive to deliver a smoother experience for both the creators and users of contracts. As a result of these technologies, we can imagine a future where contracts will not only be legally and operationally functional, but also code-based, interoperable across platforms, and built from library-stored modular components that utilize no- or low-code functionality. To remain relevant in this new environment, contract lawyers must operate as ‘relationship engineers’ who facilitate collaboration between different stakeholders with diverse expertise in multi-disciplinary teams comprising technology, business, and legal perspectives. The ‘computable contract designer’ of the future will be a key player leveraging the opportunities of digital technology to deliver the user-friendly contracts of tomorrow.
AB - This article explores the shifting character of contract design in the digital revolution, focusing on how emerging technologies are providing the contracting community with innovative new digital tools and resources that facilitate the creation of more user-friendly contracts. We identify emerging technologies that strive to deliver a smoother experience for both the creators and users of contracts. As a result of these technologies, we can imagine a future where contracts will not only be legally and operationally functional, but also code-based, interoperable across platforms, and built from library-stored modular components that utilize no- or low-code functionality. To remain relevant in this new environment, contract lawyers must operate as ‘relationship engineers’ who facilitate collaboration between different stakeholders with diverse expertise in multi-disciplinary teams comprising technology, business, and legal perspectives. The ‘computable contract designer’ of the future will be a key player leveraging the opportunities of digital technology to deliver the user-friendly contracts of tomorrow.
U2 - 10.4337/9781839102288.00035
DO - 10.4337/9781839102288.00035
M3 - Book chapter
SN - 1839102276
SP - 421
EP - 444
BT - Research Handbook on Contract Design
PB - Edward Elgar Publishing
CY - Cheltenham
ER -
ID: 231858298