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from Part II - Business, Regulations, and Decision-Making with Algorithms
Published online by Cambridge University Press: 19 October 2020
The United States’ transition from an economy built on form contracts to an economy built on algorithmic contracts has been as subtle as it has been thorough. In the form contract economy, many firms used standard order forms to make and receive orders. Firms purchased products and services with lengthy terms of services. Even negotiated agreements between fairly sophisticated businesses involved heavy incorporation of standard form terms selected by lawyers.
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