This research seeks to analyze the newer trends that have emerged in the area of smart contracts and, in particular, the areas of their documentation and application, along with the growing convergence with artificially intelligent techniques. Smart contracts are also known as self-executing digital contracts managed electronically via the blockchain systems. Such contracts have provided unparalleled security and transparency in commercial and legal transactions. It is interesting to understand how to document these participant contracts, tendered as distributed digital files. This research analyzes the strengths and weaknesses in the expression of intent in the smart contracts. It also suggests solutions to enhance such a process.
The study reviews the challenges to the implementation of the aforementioned within the scope of the traditional legal system. The research also deals with the impact of artificial intelligence on enhancing the efficiency of the use of smart contracts. It provides recommendations on the amendments to the law that facilitate the utilization of smart contracts and their integration with artificial intelligence, ensuring compliance with legal frameworks and safeguarding the rights of contracting parties through the establishment of legislation to govern and document these contracts. The drafting of smart contracts is considered a challenge and an opportunity for improving the efficiency and reliability of contracting operations in the digital era.