Abstract

Networks exist in both law and technology, and this chapter seeks to explore that commonality and how smart transactional technologies may be embedded in business networks (‘smart contractual networks’). Contractual networks exist in many aspects of law, with the carriage of goods by sea viewed as a quintessential example of a network of different commercial relationships. Drawn from socio-legal contractual scholarship, the concept of ‘contractual networks’ situates and views the bilateral contract as contractually networked to a series of other connected relationships and contracts in the network. We might ask whether smart contracts alter the understanding of contractual networks, or will contractual networks be shaped by technologies that underpin their operation e.g. contractual networks that will develop around blockchain? This chapter reflects on such conceptual and normative issues pertaining to smart contractual networks.

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