[DG-BSC] - Model Stock Purchase Agreement
james.g.hazard at gmail.com
Mon Oct 3 15:31:46 CDT 2016
Many of you know that the CommonAccord vision of smart contracts is
comprehensive - _all_ records of transactions could be "smart contracts,"
if we view smart contracts as records that link to their context.
At one extreme, there are high-volume, low-text transactions like
payments. At the opposite extreme is the acquisition of a company. An
acquisition, of course, requires many records, but we can frame it with a
single one - a transaction term sheet.
This six minute video shows the American Bar Association's "Model Stock
Purchase Agreement" in codified form, complemented by a term sheet of
parameters. This term sheet is not a smart contract, but it is easy to see
that much of it could be automated, or at least supported by automation.
A smart contract approach to acquisition agreements could drive
codification of business operations - leading ultimately to a
-------------- next part --------------
An HTML attachment was scrubbed...
More information about the DG-BSC