Askemos

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Similarity Of Contracts: Ricardian And Askemos

Looking at Ricardian and Askemos contracts we've been asking ourself: are contracts in Askemos Ricardian Contracts, vice versa or not related?

Am 29.07.2014 16:49, ianG wrote:

On 28/07/2014 20:31 pm, "Jörg F. Wittenberger" wrote:

Am 22.07.2014 17:48, ianG wrote:

Hey Chris and Jörg,

I'd like to introduce you to each other.

Chris: Jörg created something called Askemos which is a payment system based on contracts. Implemented as a set of notaries running on servers, providing access over browser using HTML5/style/etc.

Well, actually, the more I understand Ricardian Contract, the more I tend to claim that a Ricardian Contract is functionally indistinguishable from the "governing" or "type" contract in Askemos.

I suspect so too. A Ricardian Contract is a master contract signed by one party, the issuer. The issuer offers to any 'holders' various conditions.

Without any holders (additional parties), the Ricardian Contract is a null instrument. Only when parties take and make payment in the unit do then they form a proper legal contract with the issuer, the agreement of which is spelt out in the RC.

Let me substitute terms from Askemos to illustrate the relationship:

A "governing contract" is a master contract signed by one party, the "author". The author offers to any 'agents' various conditions. Without any agents (additional parties), the governing contract is a publication. Only when parties execute a processing step in compliance with the terms do then they form a proper legal contract with (or without) the author, the agreement of which is spelt out in the type contract.

The question is somewhat philosophical: what's the RC of an RC? How does an agent learn about a contract? It needs to be disclosed to the agent somehow. Do strings apply? May agents learning about a RC disclose it to third parties?

That's the question Askemos cares about when loading code to execute a transition in support of an agent. At this level is does not have a remote idea what a "payment" even could be. It does understand "various conditions" as in "executable source code" (recommended, but not checked: human readable comments included).

Important to note: it checks the same logic. Therefore a Ricardian Contract is IMHO a subclass of Askemos type contract specialized to fungible (financial) instruments.

do we need this link?