Smart Contracts - Rescission, Frustration & Termination

Introduction

This virtual classroom seminar is suitable for commercial contract and dispute resolution lawyers.

The session will discuss whether rescinding a smart contract is technically possible, how the doctrines of mistake and misrepresentation apply in the context of coded contracts, and whether a smart contract can be frustrated.

It will also cover the termination of smart contracts and the legal remedies available for breach.

What You Will Learn

This live and interactive session will cover the following:

• Rescission
• Is it technically possible?
• How might it be achieved as a matter of practice?
• How might the doctrines of mistake and misrepresentation apply in the context of coded contracts?
• Frustration
• Can a coded contract be frustrated?
• How can a smart legal contract, which is an immutable blockchain transaction, be discharged by frustration?
• Termination
• Can a coded contract be repudiated?
• Is it possible to terminate a smart legal contract for breach when the code has already been executed?
• How would a court deal with post-termination remedies?

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.