Investigating the contract production process

The traditional mode of contract analysis assumes a world in which contracting parties choose, from among the universe linguistic formulations, precise terms that express combination rights and duties will maximize their expected joint welfare. Since know what returns contracting, they appropriate document both binds them communicates intentions to courts. In this version world, there is no need consider process by these are produced. If contracts reliable expressions want each other do, then produces irrelevant. Whatever process, outcome same. Consider less idealized, alternate it very costly, starting scratch, write complete specifies accurately the...