A smart legal contract (SLC) is an advanced digital contract that combines the power of technology and legal principles to automate tasks, enforce rules, and interact with various elements. Unlike a simple smart contract, an SLC is specifically designed to meet legal requirements, making it legally binding and enforceable. It brings intelligence and automation to traditional agreements, changing how contracts are executed and managed in a highly efficient and compliant manner.
SLCs redefine contract dynamics by executing payments automatically, dynamically updating with real-time data, and engaging stakeholders through interactive surveys, propelling contracts into a realm of unparalleled efficiency and effectiveness.
Introduction to Smart Legal Contracts webinar series
Smart contracts and Smart Legal Contracts (SLCs) sound similar but are very different in practice, technology and use.
In this webinar series, Hunit’s CEO and co-founder explains what SLCs are, what they are not, and how they can be compliantly used in regulated legal services.
The full slide pack used for all of the below webinars can be downloaded here.
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Much of the material contained in this series is further addressed in Hunit’s practical exploration of compliant SLC use, published with the support of the United Kingdom’s Ministry of Justice (via its Lawtech Delivery panel and LawtechUK Sandbox) and the United Kingdom’s Solicitors Regulation Authority.
Download HereThis series of videos (more underway!) shows how legal practitioners use Hunit’s toolset to create and manage powerful Smart Legal Contracts specifically tailored to the needs of their clients.
How to insert Auto Covenants (embedded contract automation) using Hunit’s Auto Covenant Designer for Microsoft Word and combine them to perform complex tasks
