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From the FAQ: Is this legally binding? The application generates a Live Contract, which is a legally binding agreement. Just remember, the point of app is abo
by gt_ 9y ago
From the FAQ:
Is this legally binding?
The application generates a Live Contract, which is a legally binding agreement. Just remember, the point of app is about setting clear rules and boundries, not breaking them. To which extend the contract holds up in court, depends on your country of residence.
Can I still change my mind?
Absolutely. "No" means "no" at any time. Being passed out means "no" at any time. This is explicitly described in the agreement. Additionally you can withdraw consent through the LegalFling app with a single click.
Having expected more blockchain based proof-of-record applications, I don’t think we’ve seen courts support blockchain proof-of-record and I’m looking forward to how this will play out. Surely court decisions will not be swayed by just any blockchain implementation. Most of these so far (TRON, PO.ET, both still in development) are storing proofs on the Bitcoin or Ethereum network. Will this be upholdable in court? Will governments settle on a network or collection of networks to use for legally defensible proofs? Will this be more a matter of attorney legwork? It seems the market could be enormous for these sorts of applications.
- stcredzero 9y agoHaving expected more blockchain based proof-of-record applications, I don’t think we’ve seen courts support blockchain proof-of-record and I’m looking forward to how this will play out. I know for a fact that South Carolina has a law making a row in a SQL database a legal representation for a contract for Property and Casualty insurance. I bet there are tons of laws on the books like this. Why aren't tech types like us lobbying legislators at the state and national level to modify such laws to include such records on the blockchain?