Related papers: Modelling Legal Contracts as Processes
The blockchain constitutes a technology-based, rather than social or regulation based, means to lower uncertainty about one another in order to exchange value. However, its use may very well also lead to increased complexity resulting from…
In the following writing we discuss a conceptual framework for representing events and scenarios from the perspective of a novel form of causal analysis. This causal analysis is applied to the events and scenarios so as to determine…
A contract is a type of legal document commonly used in organizations. Contract review is an integral and repetitive process to avoid business risk and liability. Contract analysis requires the identification and classification of key…
Contract-based design is a promising methodology for taming the complexity of developing sophisticated systems. A formal contract distinguishes between assumptions, which are constraints that the designer of a component puts on the…
Smart Contracts use computer technology to automate the performance of aspects of commercial agreements. Yet how can there be confidence that the computer code is faithful to the intentions of the parties? To understand the depth and…
Scientists investigate the dynamics of complex systems with quantitative models, employing them to synthesize knowledge, to explain observations, and to forecast future system behavior. Complete specification of systems is impossible, so…
For many legal operations teams, the management of the contracts and agreements that their organization are negotiating or have been executed is an encompassing and time-consuming task. This has resulted in specialized tools for Contract…
We present a first approximation of agent behaviour in a generalized model in contract theory. This model relaxes some of the the assumptions of one of the classical models allowing to include a broader range of agents. We introduce the…
We present a parametric calculus for contract-based computing in distributed systems. By abstracting from the actual contract language, our calculus generalises both the contracts-as-processes and contracts-as-formulae paradigms. The…
We present a process algebra based approach to formalize the interactions of computing devices such as the representation of policies and the resolution of conflicts. As an example we specify how promises may be used in coming to an…
Behavioral software contracts are a widely used mechanism for governing the flow of values between components. However, run-time monitoring and enforcement of contracts imposes significant overhead and delays discovery of faulty components…
Case Law has a significant impact on the proceedings of legal cases. Therefore, the information that can be obtained from previous court cases is valuable to lawyers and other legal officials when performing their duties. This paper…
We present a new approach to automated reasoning about higher-order programs by extending symbolic execution to use behavioral contracts as symbolic values, enabling symbolic approximation of higher-order behavior. Our approach is based on…
Nowadays, sophisticated domains are emerging which require appropriate formalisms to be specified accurately in order to reason about them. One such domain is constituted of smart contracts that have emerged in cyber physical systems as a…
A theoretical model is presented which provides a way to simulate, at a very abstract level, power struggles in the social world. In the model, agents can benefit or harm each other, to varying degrees and with differing levels of…
Traditional human-computer interaction takes place through formally-specified systems like structured UIs and programming languages. Recent AI systems promise a new set of informal interactions with computers through natural language and…
We consider the classic principal-agent model of contract theory, in which a principal designs an outcome-dependent compensation scheme to incentivize an agent to take a costly and unobservable action. When all of the model…
We relate two contract models: one based on event structures and game theory, and the other one based on logic. In particular, we show that the notions of agreement and winning strategies in the game-theoretic model are related to that of…
Given the large size and volumes of contracts and their underlying inherent complexity, manual reviews become inefficient and prone to errors, creating a clear need for automation. Automatic Legal Contract Classification (LCC)…
Formal verification entails testing software to ensure it operates as specified. Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. They run on blockchain platforms and…