“Traditional” principal agent theory interprets franchising as a solution to the agency problems associated with incentives and observability. Franchising has been viewed as an institution that aligns the right to make decisions with the residual claims deriving from these decisions. One problem associated with this explanation, is that in institutions like franchise systems or firms, the relev...

This paper aims to understand the transaction costs implications of two different governance modes for large scale contracting of HIV prevention services to non-governmental organisations (NGOs) in 2 states in India as part of the National AIDS Control Programme between 2001 and 2003. Interviews at purposively selected case study NGOs, contracting agencies and key informants as well as document...

We investigate the finitely repeated prisoners’ dilemma with explicit contractual devices. We show that full collusion can be achieved by incentivizing the players’ final period of play with small fines. Our incentivizing modality is the penance contract, by which a player is penalized if (and only if) he deviates from the penance strategy in the final period. We show that using this contractua...

The subject of the study is legal regulation consumer protection in field trade post-Soviet countries. object social relations arising from rights trade. author examines detail civil law Particular attention paid to matter, form, essential terms retail sale contract, as well seller's pre-contractual obligation, right exchange goods proper quality, unilateral termination penalty, etc. When writi...

the seller must deliver the goods in conformity with the contract. one of cases of conformity is its conformity with the contract in terms of quantity. namely, the seller must deliver the goods that are equal with the specified amount in the contract. in practice, the delivered goods may be larger than the amount specified in the contract. in iranian law, where the goods are larger than contrac...

The sanctity of contracts, a guiding principle contract law in civil systems, requires that both or all contracting parties be expected to meet their contractual obligations, thereby ensuring efficacy and efficiency private ordering. Under extraordinary circumstances, however, legal systems provide for mechanisms, which may excuse performance lead adaption termination obligations. Since the cor...

when the parties to conclude a contract, bounding to performance their contractual obligations, but sometimes occur events that to make performance of obligations under a contract impossible or the circumstances of the time of performance of the contract substantially differentiate with the time of the time of the conclusion of the contract . these events are referred to as legal excuses, if th...

Contract services let service providers and consumers manage service level agreements (SLAs) and other contractual documents. These services let users negotiate SLAs, select tariffs, submit selected service offerings to auctions, view and manage running contracts and finally submit feedback about the satisfaction with the usage of contract-bound services. We define a number of contract services...