Contracts and Contract Analogs in Organizational Contexts

According to a composite of several well-esteemed English dictionary definitions, the word context has two primary meanings. Most basically, it is defined from a linguistic viewpoint as “a group of words of interest that either precede or follow another word or passage, usually influencing its meaning or effect.” (Aside: In linguistic semantics, the phenomenon that the interpretation of an expression depends on the context in which it is used, is quite evident in the case of deictic pronouns (e.g., this, that, those, etc.), but other expressions can also be context dependent, such as many or big, because what counts as many or big always depends on the context in which these words are used (a big mouse may be a small animal) [DKR1996].) Additionally, from a nonlinguistic viewpoint context is defined as “a set of circumstances, situation, domain, setting, or facts that surround or include some entity, event, subject, topic of interest, and so forth.”