a contractual relationship is commonly based on statements, expectations, acts and omissions out of which some will, and others will not, give rise to contractual obligations. to avoid uncertainty as to what is agreed, the contract parties often enter into a written contract that is supposed to express the final agreement between them and prevent the parties from relying on rights and obligatio...

Auctions are supposed to procure the best deal money can buy. Yet, practitioners who procure complex contracts by auction are well aware of some basic pitfalls. One concern is that winning bids may not reflect the quality of the bidder but strategic behavior like low-balling bids or underestimating costs. Such behavior may then lead to demands for contract renegotiation by the winning bidder th...

“good faith” as one of the ethical rules has found an important position in contract law. in many countries, good faith is regarded as a mandatory rule to be respected in formation, performance and interpretation of contracts. good faith is a fundamental principle in almost all civil law countries. this article deals only with good faith in formation of contract. the duty to observe good faith ...

as observed in some oil and gas countries, upstream service contracts, for instance buy-back contract in iran, would provide an appropriate environment for the development of oil and gas fields. however, certain cases, such as common structures and reservoirs, deep sea oil fields or second and third generations of an oil field may require more attractive contractual mechanisms in the eyes of io...

introduction: measuring the extent and nature of outsourcing in public hospitals affiliated with tehran university of medical sciences (tums), tehran, iran was the aim of this study. methods: in this cross-sectional applied study, we reviewed the relevant literature and interviewed with 5 experts to introduce various indices of measuring the extent and nature of outsourcing. we recommended 6 si...

assistive technologies have always opened new horizons in human’s life, posed solutions to problems and brought relief and prosperity for human beings. iranian judicial authorities have recently recognized the importance of medical technologies. accordingly, iranian legal system has recognized surrogacy and a surrogacy contract seems unavoidable for surrogacy to be legally valid, socially accep...

F iscal regime is one of the main differences between petroleum contracts. Fiscal regimes in oil contracts are divided to two main categories namely Concessionary and Contractual Systems. In contractual systems, the main difference between service and production sharing contracts is the way of compensation of contractor services which could be in cash or in kind. In production sharin...

Screening contracts (or non-linear “menu of contracts”) are frequently used for aligning the incentives in supply chains with private information. In this context, it is assumed that all supply chain parties are strictly (expected) profit maximizing and, therefore, sensible to even arbitrarily small pay-off differences between contract alternatives. However, previous behavioral work on contract...