Delay in the Performance of Obligations Arising from Smart Contracts- A Foundational Legal and Jurisprudential Study-
DOI:
https://doi.org/10.64184/ajlps.V2.I3.Y2025.P85-105.126الكلمات المفتاحية:
Smart contracts, delay, legal automation, oracles, algorithmic fault, deterministic execution, force majeure, contract law, Lex Cryptographica, digital legal norms, hybrid regulation, programmable contracts, blockchain governance, equitable overrideالملخص
This chapter explores the intersection between the deterministic execution of smart contracts and the unpredictable nature of delay, a legal phenomenon historically embedded in human discretion and normative flexibility. While smart contracts promise automated, trustless enforcement, they reveal critical vulnerabilities when confronted with unforeseen disruptions, particularly in the context of technical rigidity and legislative gaps. The discussion navigates through the architectural challenges of code literalism, the oracle dependency problem, and the doctrinal limitations of classical contract law in adjudicating delays devoid of intent or culpability. It also examines emerging hybrid legal-technical frameworks, including regulatory innovations in the EU and UK, and the conceptual development of Lex Cryptographica. Ultimately, the chapter proposes a recalibration of contract theory and practice, advocating for a pluralistic approach that integrates technical resilience with normative safeguards to manage delay in a digitally autonomous age.
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