It is required that you have pip and python (version 3.6) installed.
You can visit the official pip documentation and install pip before you proceed.
It is recommended to install the Smart Contract of µRaiden in a separate virtual environment
For the installation of the Smart Contracts it is not necessary to install the server or client components of µRaiden.
From the root directory of µRaiden, execute the following to run the install script:
cd contracts
make install