Analyzing the application of options in Article 396 of the Civil Code in smart contracts

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Article Type:
Research/Original Article (بدون رتبه معتبر)
Abstract:

After the correct conclusion of a smart contract, the discussion of how to dissolve it in electronic channels is discussed. The exercise of options in smart contracts must be done in accordance with the rule of harmlessness in order to prevent harm and damage to others. Smart contracts, by exercising options, are able to perform various operations based on certain limited conditions, and it gives the parties of the transaction access to different methods for executing the contract and changing its conditions. In general, exercising options in smart contracts allows the parties of the transaction to It allows to determine the terms of the transaction in a more precise and specific way and creates a significant improvement in the performance and efficiency of smart contracts, and also the lack of options reduces the stability and loss of flexibility in the smart contract. The main purpose of exercising options in smart contracts is to improve the contract implementation process and help the parties to comply with their rights and obligations more effectively. In this article, using the library and research method, to analyze the exercise of options and the resulting challenges. We will pay for it in smart contracts. Exercising options in smart contracts should be investigated and clarified from different aspects due to the huge impact this action has on the execution of contracts and business relationships.

Language:
Persian
Published:
Journal of Law and Modern Studies, Volume:4 Issue: 4, 2024
Page:
3
https://magiran.com/p2700915  
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