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1 results

  • 6 - Algorithms and Contract Law

  • from Part II - Business, Regulations, and Decision-Making with Algorithms
  • Edited by Woodrow Barfield, University of Washington
  • Book:
    The Cambridge Handbook of the Law of Algorithms
    Published online:
    19 October 2020
    Print publication:
    05 November 2020, pp 141-152

  • Summary

    The United States’ transition from an economy built on form contracts to an economy built on algorithmic contracts has been as subtle as it has been thorough. In the form contract economy, many firms used standard order forms to make and receive orders. Firms purchased products and services with lengthy terms of services. Even negotiated agreements between fairly sophisticated businesses involved heavy incorporation of standard form terms selected by lawyers.