Can an ‘Unsigned’ Smart Contract Be Legally Binding?
A smart contract itself is not "signed" in the traditional sense, but the transactions that interact with it are cryptographically signed by the user's private key. The code itself is public and immutable.
Legally binding status relies on an external, signed legal agreement or the user's signed transaction constituting sufficient proof of intent and assent to the codified terms.
Glossar
Smart Contract
Code ⎊ The contract is fundamentally self-executing code deployed on a distributed ledger, embodying the terms of the agreement in an immutable format.
Legally Binding
Condition ⎊ A financial agreement or transaction is Legally Binding when it creates enforceable rights and obligations between the parties under the relevant legal framework.