‘Self-Driving Contracts’

“Predictive capabilities created by big data and artificial intelligence increasingly allow parties to draft contracts that fill their own gaps and interpret their own standards without adjudication. With these contracts, parties can agree to broad objectives and let automated analytics fill in the specifics based on real-time contingencies. In a recent article, Self-Driving Contracts, we discuss how these contracts will develop and explore their likely impact on the law. A self-driving contract is one that writes its own terms or fills its own gaps. To be more precise, a self-driving contract has three key features …” (more)

[Anthony Niblett and Anthony Casey, Oxford Business Law Blog, 14 July]

First posted 2017-07-14 11:48:33

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