California: Who Bears Final Responsibility and Liability

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Non-profit/For-profit Company Registry Requirements Team Member Nationality Requirements Tax & Auditing Requirements Governing Laws/Bylaw Requirements Laws Related to Token Sales, Blockchain, and Digital Proof Securities-Related Laws Privacy and Data Protection-related Laws Who Bears Final Responsibility and Liability Smart Contracts Definition and Legality How is Dispture Resolution Integrated Can Smart Contracts be Nullified? Suggested Readings

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California: Who Bears Final Responsibility and Liability

As per the section on “Smart Contracts Definition and Legality”, this has not yet been clarified by California courts. However, most smart contracts probably fall under the same jurisdiction of other electronic contracts under the UETA. In this case, it would be the counterparties who are liable for things that go wrong with a smart contract.

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