What Is a Ricardian Contract?

6 Pages Posted: 13 Dec 2017

See all articles by Usman W. Chohan

Usman W. Chohan

University of New South Wales (UNSW), UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security (CAS)

Date Written: December 11, 2017

Abstract

Recent technological innovations have created room for the construction and implementation of “Ricardian” contracts, which are robust, transparent, and efficient contractual structures that can be expressed and executed in software. This discussion paper discusses the scope and functions of such contractual structures and considers their wider implementation and use given their reduced transaction costs, faster dispute resolution, better enforceability and enhanced transparency.

Keywords: Blockchain, Bitcoin, Cryptocurrency, Contracts, Legal, Law, Accounting, Smart Contract, Ricardian Contract, Digital, Innovation

Suggested Citation

Chohan, Usman W., What Is a Ricardian Contract? (December 11, 2017). Available at SSRN: https://ssrn.com/abstract=3085682 or http://dx.doi.org/10.2139/ssrn.3085682

Usman W. Chohan (Contact Author)

University of New South Wales (UNSW), UNSW Business School ( email )

Sydney, New South Wales
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

Islamabad
Pakistan

Centre for Aerospace & Security (CAS) ( email )

Rawalpindi
Pakistan

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