An agreement protocol
Last updated
Last updated
The agreement protocol is a Ricardian Contract implementation based on Semantic Contracts that are rendered as websites and uploaded to Ipfs by Issuers. These interactive contracts can be shared with Parties who may sign them with their Ethereum Wallet. These contracts can be just simple agreements or legally binding service contracts, depending on the semantics.
Semantic Contracts can be tightly coupled to smart contracts using Ricardian Fabric, blurring the lines between traditional legal agreements and modern smart contracts. The acceptance of the semantic contract is connected to the signer wallet address which allows self fulfilling smart contracts to take action and execute the part of the agreement that is written in code and depends on accepting the semantics.