The Applicability of Artificial Intelligence in Contractual Relationships
The Applicability of Artificial Intelligence in Contractual Relationships

Summary/Abstract: The appearance and the impacts of AI and digitalization on the different types of legal work as well as on different legal areas and in relation to certain legal institutions are examined and analysed nowadays by many research studies in many ways. In this study, we examine the impact digitalization and AI have on the law of obligations, particularly on the law of contract, and the challenges national legislators shall face in the near future. In the first part of the study, we deal with the formation of contracts by electronic means. After the short review of the related Hungarian regulation in force, recent EU legislation will be presented, which was generated by the expansion of both digital content and digital services. In the second part of the study, attention will be paid to a relatively new phenomenon, the so-called smart contract. In the course of our examination, we attempt to designate the framework of the notion of smart contract and to draft all those questions relating to smart contracts which shall be answered over time by legislation and by contract law.

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