Haseeb Qureshi

The reality, and I pointed this out in this blog post that I wrote, a legal contract has all sorts of randomness built into it.

Okay, what is the randomness in a legal contract?

The randomness in a legal contract is when I sign a legal contract with you, I don't know what is the jurisdiction in which this legal contract is going to be enforced, right?

Maybe I'll say, okay, well, it's going to be in California because I'm in California, but you're in New York.

And so if you're in New York and I'm in California,

It's going to be a fight about where the case is going to get filed, right?

Oftentimes it is a fight.

Second, okay, let's even say that we're going to do this in New York, right?

Let's say we're both in New York.

Okay, if we're both going to do this in New York, then the question is, does every single clause of this smart contract hold, or sorry, this legal contract hold, or some of them are going to get struck as being unenforceable?

This happens.

This oftentimes what happens in a dispute is you argue this piece of the contract is unenforceable.

Okay, then let's say we go to trial.

Then who's my lawyer gonna be?

Who's your lawyer gonna be?

That's gonna affect our odds of winning in the trial.

Okay, then there's judge selection.

Judge selection is literally random.

It's a lottery when you get which judge you select in a legal trial.

And then, of course, there's the jury.