Right. Ethereum is just a medium for recording a contractual agreement. Using ethereum should not make contracts any more enforceable in the eyes of the law.
In many cases I would assume the opposite will occur: plaintiffs will claim that there was no contract formation because because the technical mumbo-jumbo of computer code is incomprehensible to a layman.
I suspect that courts will react quite favorably to this argument seeing as how they have a natural interest in maintaining their jurisdiction.
I'm just amazed that people want to cut the courts out of jurisdiction over contracts. The courts are a legal recourse if you get screwed.
Why give up those rights and let a computer program (or rather, it's creators) dictate that you're screwed if you make a mistake? I mean, contract law exists because that kind of strict arrangement proved unsatisfactory in real life in the past.
In many cases I would assume the opposite will occur: plaintiffs will claim that there was no contract formation because because the technical mumbo-jumbo of computer code is incomprehensible to a layman.
I suspect that courts will react quite favorably to this argument seeing as how they have a natural interest in maintaining their jurisdiction.