Re:Legalese – Computational Law
by divyekapoor on Monday May 17, 2021 @06:57PM
(#27189399)
+1 Law is human-to-human agreement about a lot of vague soft stuff. Code APIs are computer-computer agreement.
Some exceptions to the above are:
1. Financial contracts (see ISDA derivatives).
They're written with a big "human" document upfront and then there's a "notification addendum" attached to each use of that contract.
2. Master Sales Agreements (MSAs):
The first MSA is a human-to-human agreement. Everything after that is order-forms. And negotiating the MSA requirements is very very human (risk, trust, effort, cost, benefit & promises). Order forms are pricing decisions that can be "automated" (especially around annual renewals if within budget without red flags).
Some exceptions to the above are: 1. Financial contracts (see ISDA derivatives). They're written with a big "human" document upfront and then there's a "notification addendum" attached to each use of that contract. 2. Master Sales Agreements (MSAs): The first MSA is a human-to-human agreement. Everything after that is order-forms. And negotiating the MSA requirements is very very human (risk, trust, effort, cost, benefit & promises). Order forms are pricing decisions that can be "automated" (especially around annual renewals if within budget without red flags).