Are smart contracts legally enforceable — or just code that runs? Blockchain technology gave us smart contracts — self-executing agreements that can transfer assets, release payments, or enforce conditions automatically.

Your IP clause might be enforceable, but still useless. Because legal ownership ≠ operational control.

Let’s talk about a clause that looks protective — but often isn’t. If your IP indemnities are inside the liability cap, you may as well not have them. When a vendor provides tech, software, or data, their contract often includes an IP indemnity — 𝙖 𝙥𝙧𝙤𝙢𝙞𝙨𝙚 𝙩𝙤 𝙘𝙤𝙫𝙚𝙧 𝙮𝙤𝙪 𝙞𝙛 𝙩𝙝𝙚𝙞𝙧 𝙥𝙧𝙤𝙙𝙪𝙘𝙩 𝙞𝙣𝙛𝙧𝙞𝙣𝙜𝙚𝙨 𝙨𝙤𝙢𝙚𝙤𝙣𝙚 𝙚𝙡𝙨𝙚’𝙨 𝙞𝙣𝙩𝙚𝙡𝙡𝙚𝙘𝙩𝙪𝙖𝙡 𝙥𝙧𝙤𝙥𝙚𝙧𝙩𝙮. It sounds safe. But the fine print decides whether it actually prote