Smart Contracts: Role of Counsel, Best Practices for Limiting Vulnerabilities

A live 90-minute CLE webinar with interactive Q&A


Wednesday, October 16, 2019

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, September 20, 2019

or call 1-800-926-7926

This CLE webinar will prepare counsel to help clients avoid the risks associated with vulnerabilities in "smart contracts." The panel will discuss best practices for the planning, drafting, and integration of traditional contract language designed to limit potential liabilities that may arise when vulnerabilities interfere with smart contract performance.

Description

While smart contracts have the potential to revolutionize business transactions, vulnerabilities in the operational accuracy and security of the underlying code pose a substantial risk for companies deploying the technology. Similar to traditional software, programming errors can result in all manner of unintended consequences. Even if the code works as intended, hackers' theft of over $1 billion in virtual currency since 2016 demonstrates the magnitude of the potential loss from security threats.

Capable practitioners add value to their clients during the planning, drafting, and implementation of traditional contracts governing the use of smart contracts and other blockchain enabled software. In smart contracts, counsel must understand the full range of contingencies and outcomes available with a software product that operates on a blockchain and prepare to expand their usual advisory role to address these issues.

Attorneys must also be prepared to lend insight during the software development process by identifying and correcting business or regulatory issues commonly raised before deployment of smart contracts and tailor remedies that encourage non-pecuniary resolution once a hacker exploits a vulnerability or a customer raises a dispute.

Listen as our authoritative panel discusses how corporate and deal counsel can expand their responsibilities and add value to clients deploying this expanding technology, along with some critical considerations during the planning, drafting, and implementation phases of the software coding.

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Outline

  1. Smart contracts
    1. Vulnerabilities
    2. Potential risks
  2. Best practices/product counseling
  3. Limiting exposure

Benefits

This panel will review these and other crucial issues:

  • What is counsel's role in software and blockchain programming and product strategy?
  • What are the vulnerable areas in smart contracts, and what strategies will mitigate risk?
  • What role do natural language agreements play in supplementing smart contract terms?
  • What strategies can counsel use to provide remedies after a hacker exploits a vulnerability, or if the code is just plain wrong?

Faculty

Larsen, Kari
Kari S. Larsen

Partner
Perkins Coie

Ms. Larsen represents clients in U.S. and EU regulatory, legislative, risk management, compliance and internal control...  |  Read More

Lom, Andrew
Andrew James Lom

Partner
Norton Rose Fulbright US

Mr. Lom is Co-Head of the firm’s Asset and Wealth Management International Business Group--U.S. and a member of...  |  Read More

Markey, Melissa
Melissa L. Markey, CISSP

Atty
Hall Render Killian Heath & Lyman

Ms. Markey focuses her practice on developing practical, operationally focused cybersecurity, privacy and life sciences...  |  Read More

Nossa, Daniel
Daniel Nossa

Member
Steptoe & Johnson

Mr. Nossa is a Member of Steptoe & Johnson PLLC’s Houston office. He is a securities and derivatives lawyer...  |  Read More

Live Webinar

Buy Live Webinar
Includes Early Discount Savings of $50 (through 09/20/19)

Live Webinar

$247

Buy Live Webinar & Recording
Includes special savings of $250 (through 09/20/19)

Live Webinar & Download

$344

Live Webinar & DVD

$344 + $19.45 S&H

Other Formats
— Anytime, Anywhere

Includes Early Discount Savings of $50 (through 09/20/19)

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

48 hours after event

$247

Download

48 hours after event

$247

DVD

10 business days after event

$247 + $19.45 S&H