LegalThings One proposes a platform for contracts dubbed as ‘Live Contracts‘. Live contracts are agreed in commercial/legal terms but allows some parameters to interaction. Such parameters are formalized so that they may be interpreted by code. After interactions are made so that parties agree then each party sets a node to run contract as specified.
Live contracts are not the ususal smart contracts – they are made so that parties comply with set rules, not by enforcing it. Enforcing may require arbitration. In that case interaction logs are available.