EVOLVING CONTRACT AS A DEVICE FOR FLEXIBLE COORDINATION AND CONTROL

The law of contract is concerned with 2 forms of control: minimizing disputes among market transactors and resolving disputes when they arise. In accordance with contemporary needs, a model of evolving contract as a device for flexible coordination and control is proposed. The emphasis is on optimiz...

Full description

Saved in:
Bibliographic Details
Published in:American business law journal 1997-03, Vol.34 (3), p.329-384
Main Author: SALBU, STEVEN R.
Format: Article
Language:English
Subjects:
Alliances
Commercial law
Contract law
Cooperation
Decision making
Disputes
Employment
Enforcement
Fair trade
Flexibility
Planning
Professional relationships
Theory
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The law of contract is concerned with 2 forms of control: minimizing disputes among market transactors and resolving disputes when they arise. In accordance with contemporary needs, a model of evolving contract as a device for flexible coordination and control is proposed. The emphasis is on optimizing the arrangement of behaviors between transacting firms while avoiding the pitfalls of either under-control or over-control.
ISSN:0002-7766
1744-1714
DOI:10.1111/j.1744-1714.1997.tb00898.x