Smart contracts are described as ‘smart’ because they execute the terms of a contract on the occurrence of an event. The terms of the contract are reduced to computer code and the contract program runs itself and execute the terms.
Managing debt recovery is an essential part of any successful business. Most debt recovery litigation in Western Australia takes place in the Magistrates Court. For debt recovery to be commercial and profitable, it needs to be done efficiently. A lawyer who is experienced in debt recovery litigation can be worth their weight in gold to your business.