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RE: Jur: Next-Gen Legal Agreement & Dispute Resolution Ecosystem
Nice read!! Great detail, a bit long for me but I got there in the end :D From what I can see, it's not going to replace legal proceedings but will offer an alternative for people who can't afford proper contracts or fighting cases. Could have a great use case there!! Is it legally binding?
Thanks for your support! I know, and there are a lot more details on the voting mechanism etc. which I decided to omit even at that! That's right, Jur wouldn't replace all contractual legal procedures, but will expand the accessibility of such proceedings greatly- for example a high value B2B agreement would go through the traditional legal system, but for disputes of a value under $1000, say, it would not really be financially viable to do so. In these types of cases, Jur would be an exceptionally useful solution. This could open up the opportunities for secure and efficient collaboration and dispute resolution MASSIVELY.
And is it legally binding?
Yep, the Jur Smart Agreement is a legally binding contract.