How is Law Blocks Upgrading the Legal Community?
Law Blocks is formulating the platform to facilitate making template-based legal contracts that are painless, effective, and cost-efficient across the globe. Law Blocks makes it easy to create legally binding contracts and store such contracts driven by the Law Blocks ecosystem supported by the XRC-20 utility token LBT. LBT is readily available on the crypto exchange Bitrue and soon in other leading crypto exchanges.
Law Blocks put the contracts for all the clients at the center of our process. This process is transparent and reliable while maintaining privacy and confidentiality in an automated contract.
There are future obligations in a smart contract, such as
- the contract has to sustain over time,
- payments have to be delivered,
- trade obligations have to be fulfilled,
- funds have to be paid,
- along with interest payments done in the future,
All the above obligations are time-bound and further obligations to be complied with and managed.
The law blocks technology using blockchain, and smartcontract-based automation is the solution.
Law Blocks allows users to easily create and compose Smart Legal Contracts from scratch or use ready-made templates in just three steps.
Step 1: CREATE
Choose a customizable template or start composing a unique contract from scratch, apart from accepting the necessary clauses that facilitate the Blockchain Technology and Dispute Resolution mechanism.
Step 2: COMPOSE
Insert clauses and send notifications to the other party to agree on individual clauses.
Step 3: DIGITAL SIGNATURE
Digitally pay and sign with the other party to activate the contract.
Law Blocks is at its early stage of development, and we are committed to growing our platform with the suggestions from the global legal community.
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Website — https://lawblocks.io/
Linkedin — https://www.linkedin.com/in/law-blocks-365731225/
Discord — https://discord.com/channels/903649107200061440/903649107200061442
Reddit — https://www.reddit.com/user/LawBlocks/comments/rd873t/law_blocks_a_legaltech_community/
Telegram — https://t.me/LawBlocks_updates
