Enforceable Rights

Definition ∞ Enforceable rights are legal or contractual entitlements that can be upheld and protected through a recognized legal or dispute resolution system. These rights provide a basis for recourse if an obligation is not met, ensuring that parties can seek remedies for breaches. In digital asset contexts, this often refers to rights codified in smart contracts or supported by off-chain legal agreements. The ability to compel performance is a key characteristic.
Context ∞ The enforceability of rights associated with digital assets is a critical area of discussion, particularly concerning cross-border transactions and decentralized autonomous organizations. A significant debate revolves around the legal standing of smart contract code as a binding agreement. Future legal developments will likely aim to bridge the gap between on-chain execution and traditional legal systems, ensuring that digital asset holders possess clear and effective means to uphold their entitlements.