Book contents
- Autonomous Organizations
- Autonomous Organizations
- Copyright page
- Dedication
- Contents
- Preface
- Acknowledgments
- Significant Codes, Restatements, and Statutes
- 1 Why Autonomous Organizations?
- 2 The Legal Role of Algorithms
- 3 In the Company of Robots
- 4 The Legal Viability of Autonomous Organizations
- 5 The Advantages of Autonomous Organizations
- 6 The Limitations and Legal Implications of Autonomous Organizations
- Conclusion
- Index
2 - The Legal Role of Algorithms
Published online by Cambridge University Press: 01 October 2021
- Autonomous Organizations
- Autonomous Organizations
- Copyright page
- Dedication
- Contents
- Preface
- Acknowledgments
- Significant Codes, Restatements, and Statutes
- 1 Why Autonomous Organizations?
- 2 The Legal Role of Algorithms
- 3 In the Company of Robots
- 4 The Legal Viability of Autonomous Organizations
- 5 The Advantages of Autonomous Organizations
- 6 The Limitations and Legal Implications of Autonomous Organizations
- Conclusion
- Index
Summary
This chapter highlights “agreements” and other legal instruments as the most convenient and functional mechanism by which existing private law can recognize algorithms. Algorithms with verifiable state can be the basis for contractual terms and conditions and can thereby be recognized by legal processes. This general mechanism is a better practical and conceptual fit than other proposed legal treatments for algorithms, such as the common law of agency (i.e., vicarious action).
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- Autonomous Organizations , pp. 18 - 45Publisher: Cambridge University PressPrint publication year: 2021