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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.
Benefits of the Sandbox Programme
Access to the Sandbox Network
We will connect you based on your needs, to our legal, business and public body network, to help you test and develop your product, and drive opportunities and collaboration.
Regulatory Response Unit
Navigating regulations and governance can be time consuming and complicated. That is why we have convened the RRU, for advice, support and assurance at pace.
Access to data
Legal data is often hard to come by and we understand the value that greater access could have for lawtech pioneers. We will support by matchmaking you with data sources.
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Regulatory Navigation Tool for Lawtech Companies
Navigate legal services regulation in the UK with this tool developed by LawtechUK and the Regulatory Response Unit
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