Tips for Drafting Arbitration Clauses in Smart Contracts
While arbitration may be a preferable alternative to court for smart contract disputes, it doesn’t happen on its own – it typically requires a properly drafted arbitration clause, points out Jared Butcher in Steptoe & Johnson’s Blockchain Blog.
Butcher discusses some aspects of the arbitration clause that should be re-considered when dealing with smart contracts.
The article covers the topics of arbitrator appointment, governing law and the arbitral body, forum selection, and summary dispositions.
