Jusletter IT

Smart Contracts and Contract Law

  • Autor/Autorin: Eleonor Gyr
  • Beitragsart: Blockchain
  • Region: Schweiz
  • Rechtsgebiete: Blockchain
  • Sammlung: Tagungsband IRIS 2022
  • DOI: 10.38023/fa0716c2-5765-411f-8ebb-641e5b91f437
  • Zitiervorschlag: Eleonor Gyr, Smart Contracts and Contract Law, in: Jusletter IT 30. Juni 2022
Smart contracts have been a topic of interest to lawyers for some time now. The question regularly arises as to whether a smart contract can also constitute a valid contract on its own. This article examines this question, focusing on the basic principles of Swiss contract law.

Table of contents

  • Introduction
  • 1. Smart Contracts
  • 1.1. Characteristics and Mechanism
  • 1.2. Conditions Set in the Smart Contract
  • 2. Legal and Contractual Capacity of the Contracting Parties
  • 2.1. Legal and Contractual Capacity According to Civil Law
  • 2.2. Determination of Legal and Contractual Capacity in Relation to Smart Contracts
  • 3. Declaration and Attributability of the Declaration of Intent
  • 3.1. Declaration of Intent
  • 3.1.1. General
  • 3.1.2. In Electronic Legal Transactions
  • 3.1.3. With Smart Contracts
  • a. Qualified Person
  • b. Unqualified Person
  • c. Qualified and Unqualified Person
  • 3.2. Attributability of the Declaration of Intent
  • 3.3. Conclusion
  • 4. Programming Language as a Contract Language
  • 4.1. Freedom of Form
  • 4.2. Programming Language
  • 4.3. Programming Language as a Contractual Language
  • 5. Formal Requirements
  • 5.1. Simple Written Form
  • 5.1.1. Declaration Content in Characters (Erklärungsinhalt in Schriftzeichen)
  • a. Declaration content in characters in e-commerce transactions
  • b. Declaration Content in Characters in Smart Contracts
  • 5.1.2. Declaration Medium
  • a. Declaration Medium in e-Commerce Transactions
  • b. Smart Contract as Declaration Medium
  • 5.1.3. Signature
  • a. Signature in e-Commerce Transactions
  • b. Signature with Smart Contracts
  • 5.1.4. Preliminary Conclusion
  • 5.2. Qualified Written Form
  • 5.3. Public Certification
  • 5.4. Consequences of Formal Invalidity
  • 5.4.1. Nullity and Partial Nullity
  • 5.4.2. Reversal and Converson
  • 5.5. Conclusion
  • 6. Summary and Outlook
  • 7. References

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