Legal relations

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The main scheme is the representation of the legal relationship in the form of an abstract process with the allocation of the main roles (legal entities, objects of the legal relationship, the content of the legal relationship).

Legal relations can be built on the basis of existing ones, forming a network of processes in the form of a directed acyclic graph. The entry of a legal relationship can be a legal (unencumbered) exit of an already completed process (a legal relations that has arisen earlier), forming a transaction network based on the UTXO model.

As we described earlier, the Legal Entity is defined through the address space with cloud bind of its identifying features, including those confirmed by third parties (one of the special cases is the KYC procedure).

Communication with a real Entity is provided through a private key, the expression of the subject’s will is determined by his implicit action in the form of using his private key when signing a transaction. The object of a relationship is defined as a token of the Platform with the possible binding of a cloud of identifying features and conditions for its legal use.

When we use a distributed registry for fixing legal relations i, users receive the opportunity to choose the method of validation, i.e. the choice of the consensus used between the decision makers to include the transaction in the registry of the network nodes. For this purpose, subsets from the set of validators, are combined and united by a general agreement and a consensus algorithm (the software part of a legally binding agreement).