Journal Press India^®

Author Details ( * ) denotes Corresponding author

The advent of smart contracts has reshaped the dynamics of corporate agreements with the aid of introducing automated, self-executing legal arrangements powered by using blockchain technology. These digital contracts offer great advantages, together with reduced transaction charges, greater transparency, and minimized reliance on intermediaries. However, their integration into corporate agreements provides a range of legal and regulatory challenges that stay unresolved.  This paper examines the legal complexities springing up from the usage of smart contracts in corporate environments. It explores their enforceability under existing legal frameworks, highlighting troubles associated with agreement formation, consent, and the interpretation of coded terms. Jurisdictional uncertainty and cross-border enforceability further complicate the legal standing of smart contracts in multinational agreements. The study additionally addresses dispute resolution mechanisms within the context of immutable blockchain statistics, considering whether or not conventional legal remedies are compatible with smart contract structure. It discusses how emerging legal requirements and regulatory responses are shaping the adoption of smart contracts while making sure compliance with contract law principles. Moreover, the paper evaluates real-global programs of smart contracts in company transactions, together with supply chain management, monetary offerings, and decentralized autonomous groups (DAOs). It gives tips for organizations seeking to leverage this technology while mitigating legal dangers through hybrid contract models, legal safeguards, and hazard control frameworks. By means of bridging the gap among technological innovation and legal practice, this research underscores the need for adaptive legal frameworks that balance the performance of automation with the principles of justice, fairness, and duty. Understanding the legal frontiers of smart contracts is important for businesses aiming to harness their capability while navigating the evolving legal panorama of the digital financial system.

Keywords

Smart Contracts, Contracts, Agreements, Corporate Agreements

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