On Fri, Jun 21, 2019 at 9:55 PM Jason Cobb <jason.e.c...@gmail.com> wrote: > > > >> Contracts CAN require or forbid actions that are defined in > >> other binding entities. To the extent specified by the Rules, > >> contracts CAN define or regulate other actions. Any actions that > >> meet these criteria are regulated by the contract. Any actions > >> that do not meet these criteria are not regulated by the contract. > I put that "Any actions that do not meet these criteria are not > regulated by the contract." there to explicitly invoke the override > clause in the new Rule 2125. By the definition of "regulated", a > contract could still forbid/require/etc. actions that it defines, even > if it CANNOT define those actions. This clause prevents that.
Oh, I see. I missed that "other actions" does not include "actions that are defined in other binding entities". This still seems a little questionable, since "define or regulate" makes it sound like contracts can regulate actions which they don't define (and which are also not defined in other binding entities). At least, I don't think there's any scenario where it would make sense for a contract to do that.
