Smart (Legal) Contracts: New Challenge For North Macedonian Legal System

Ristovska, Mirjana (2025) Smart (Legal) Contracts: New Challenge For North Macedonian Legal System. In: Law in the Age of Digital Technologies. Milano University Press, Milano, pp. 169-183. ISBN 979-12-5510-276-2 (PDF)

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Abstract

The global reality of the Fourth Industrial Revolution is evidenced by the adoption of Big Data analytics, Cloud Computing, Blockchain (cryptocurrencies, smart contracts, etc.), and the Internet of Things (smart buildings, artificial neural networks, machine learning, smart cities, etc.) which are becoming integrated into national legislation. As a result, countries must prioritize digitalization to keep pace with Industry 4.0. Smart legal contracts, which serve as a bridge between law and digitalization, are relatively new and challenging development for national legal systems. Although only a few countries have legally regulated smart legal contracts, all national legal systems will inevitably follow suit.
This article aims to assess the North Macedonian legal system’s existing legislation and determine the optimal approach to integrating smart contracts. Should a new, special law (lex specialis) be enacted, or should provisions for smart legal contracts be added to the existing legal framework? The EU’s legal tendencies should also be considered to ensure North Macedonian law is harmonized with Eeropean Law.
The structure of the articleunfolds as follows: Introduction; The concept and main characteristics of smart legal contracts, Smart legal contracts concerning the North Macedonian Law on Obligations; Smart legal contracts concerning the North Macedonian Law on electronic commerce; New Law on smart legal contracts or amending the existing legislation in North Macedonia?, and Conclusion remarks.
To achieve its goals, this article will employ several research methods, including normative analysis, descriptive and legal research, and applied legal research, comparison, analogy, and case law analyses.
Keywords: smart legal contracts, traditional contracts, digitalization

Item Type:	Book Section
Subjects:	Scientific Fields (Frascati) > Social Sciences > Law
Divisions:	Faculty of Law
Depositing User:	Pfk Eprints
Date Deposited:	16 Sep 2025 08:34
Last Modified:	16 Sep 2025 08:34
URI:	https://eprints.uklo.edu.mk/id/eprint/11056

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