01594nas a2200145   4500008004100000245007200041210006800113260000900181520108200190100002301272700001501295700002201310700002101332856009501353       2020                        eng d00aIs your legal contract ambiguous? Convert to a smart legal contract0 ayour legal contract ambiguous Convert to a smart legal contract  bIEEE3 a<p>A legal contract is something that is in spoken or in written form, which binds a party or multiple parties into given terms and conditions. On the other hand, a smart contract is also a contract which is a computer program that binds parties into given terms and conditions but unlike a legal contract, it is self-executable, efficient, and unambiguous. Almost all legal contracts are complex while reading because of its ambiguous nature. In this paper, we take a real-world ambiguous legal contact as a test contract, and generate various interpretations from it, convert all those interpretations into the smart legal contracts and identify the most ambiguous and accurate smart legal contract by performing various measurements such as transaction fees and ambiguity index for each interpretation. We came to the conclusion that the most ambiguous legal contract would be the contract with general interpretation as it was more complex when written in the smart contract and had many possible interpretations due to ambiguity than the rest of the interpretations.</p>
1 aUpadhyay, Kritagya1 aDantu, Ram1 aZaccagni, Zachary1 aBadruddoja, Syed  uhttps://nsl.cse.unt.edu/content/your-legal-contract-ambiguous-convert-smart-legal-contract