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Replace Smart Field from the Litigation Agreement

Replace Smart Field from the Litigation Agreement

Aug 6th, 2022

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How to Replace Smart Field from the Litigation Agreement

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everybody now I can start thank you very much good afternoon everybody a warm welcome here from Russells MC Academy for international legal studies I am very happy that youre all watching us or what she knows later we have a great panel of four I must say young experts on a young and new topic first of all thank you to to sana for helping us setting this up in a professor at Nam um can be know who is the director of MC Academy and he called me this morning and said he had a an issue we couldnt solve neither by smart contract no luck chain today because it relates to his teeth so he has an urgent appointment at the dentist but I think you watch later on and and kicked me in the bum for being so blunt share its information so thank you very much for for being here we have a very interesting topic today and which builds on what we discussed last time last webinar we spoke a blog about blockchain in general and how this might radically change the legal profession as we know it weve we

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What do you call it when you replace the original agreement with a new agreement?

A contract amendment allows the parties to make a mutually agreed-upon change to an existing contract. An amendment can add to an existing contract, delete from it, or change parts of it. The original contract remains in place, only with some terms altered by way of the amendment.

What is the difference between a smart contract and a legal contract?

Smart contracts are, in essence, computer programs that automate the enforcement of terms. Traditional Contracts, on the other hand, are sets of agreed-upon terms which are enforceable by law and are described in a natural, human language.

What are smart contracts replacing?

Smart contracts replace the need to have a trusted intermediary when there is a transaction to be made by allowing the trusted intermediary to be coded logic and allowing for code to be law, he says.

Can you replace a smart contract?

So you can swap out other smart contracts in the system and simply update the proxy smart contract with the correct address of the newly deployed smart contract. End users of the dApp interact with the proxy directly, and with the other smart contracts only indirectly, via the proxy.

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