Smart Contracts are already being used in different industries to streamline the contracts with minimum intervention. Smart contracts have proved to be a handy tool for execution of small logic contracts. Despite wide acceptance of smart contracts in various industries, the debate on differences between traditional contracts and smart contract is on going. However, this does not deter the companies from using the smart contracts because of its efficiency.
Consequently, issues relating to interpretation, modification, enforcement and execution of smart contract are substantially different from that of traditional contracts. We at ML understand the functionality of smart contracts and help our clients in formation, interpretation and enforcement of the smart contracts.