‘Toward a Consumer Contract Law for an Algorithmic Age’

“Proprietary, sophisticated computer algorithms are a hidden yet central element of how we work and play today. Businesses use algorithms internally to make decisions and improve their service offerings. And increasingly, businesses even use algorithms in contract formation. In a recent article, I coined the term ‘algorithmic contract’ to describe contracts in which an algorithm determines the rights and responsibilities of a party by acting as either a gap-filler or a negotiator for the company in the process of contract formation …” (more)

[Lauren Scholz, Oxford Business Law Blog, 17 April]

First posted 2018-04-19 06:27:18

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