Sandbox

The Lawtech Sandbox fast-tracks transformative ideas, products and services that address the legal needs of businesses and society.

We work with pioneers with a readiness to test, build and push the boundaries of lawtech. The Lawtech Sandbox tackles opportunities and challenges, and demonstrates what transformation looks like in the legal sector in practical ways. This isn’t about the easy steps but the hard ones. That’s where we help lawtech pioneers make a difference.

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Our focus is on legally binding digital contracts that are smarter and better than conventional contracts. 

By digital contract we mean a legal agreement in a digital format, as contrasted with a conventional contract in a static Word-processed format. A digital contract is machine readable. A Word document is not. 

This includes ‘smart legal contracts’ by which we mean legally enforceable contracts where some (or all) of the natural language terms are represented by machine readable code. They are a subset of digital contracts. But we are not talking about ‘smart contracts’ that are simply coded persistent scripts rather than being a contract in the legal sense.

Smarter contracts are about applying technology to the contractual process - to a greater or lesser extent. This ranges from simple applications like electronic signatures all the way through to sophisticated ‘self-executing’ contracts. 

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