Hunit - Self-executing Smart Legal Contracts

Maximise your business potential
with self-fulfilling legal contracts

Hunit’s Smart Legal Contract platform contains everything needed to transform
natural language agreements into blockchain-based self-fulfilling contracts.

The future of contracts is the future of business

Transforming static legal agreements into high performance business tools

Fulfilling a contract is fragmented and ad hoc, resulting in significant hidden costs. On average, companies fail to capture 9.2% of potential revenue and $2.5 trillion is left in unrealised global GDP. Most contract fulfilment is done with email and reminders. Current solutions like contract lifecycle management are applicable to a subset of enterprises and benefit one party in a contract – silos remain and counterparties may be using rudimentary systems that fail accurate fulfilment.

Hunit’s Web3 platform turns natural language agreements into Smart Legal Contracts that fulfil their agreed terms, interacting with counter parties and external systems in real time while generating legally certain records. AI assisted authoring tools linked to a growing library of integrations make SLCs easy for lawyers and signatories. Hunit has validated the use of SLCs with the UK Ministry of Justice, UK Solicitors Regulation Authority, global financial institutions and leading law firms.

SLCs simplify contract fulfilment for signatories. Our approach, combines legally compliant blockchain-based automation with natural language contracts. This integration creates court enforceable agreements that interact and guide parties towards accurate fulfilment.

Hunit’s platform extends from AI-assisted, MS Word authoring tools through to a Web3 network and external integrations, offering a turnkey product ready for deployment.

Focus on what matters. Let the agreement complete itself...

Key features include:

  • Pre-plan and pre-permission remedies to breaches, and define key actions with our patent pending Covenant Engine™ to align interests from the outset
  • The self-execution of remedies in the event of a specified type of breach
  • Reducing uncertainty by increasing transparency and providing clarity over the impact of undesired events
  • Relieving the parties of the burden of court-based adjudication for common types of agreement breach
  • Lower execution risk and built-in Delivery Versus Payment (DVP)
  • Connected to the global banking system, automatically making mandated transactions
  • Built-in KYC, KYB, and AML through the use of secure digital IDs
  • Full life cycle management agreements

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