This Essay argues that the “psychological contract”—the parties’ respective, subjective, idiosyncratic understandings of their contractual obligations to one another—is important and predictable. The common law of contract tells us how to discern the legal promise. By contrast, the “psychological contract” describes how the parties themselves understand their agreements, an inquiry that refers ...

unequal bargaining power of parties to a franchise contract and their unequal access to information that may be effective in determining the consideration of a contract; has caused different legal systems impose obligations to franchisor to poise the contractual balancing. commitment to expose accurate and comprehensive pre-contractual information about all aspects related to franchise is the m...

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...

The automation of B2B processes is currently a hot research topic. In particular, multi-agent systems have been used to address this arena, where agents can represent enterprises in an interaction environment, automating tasks such as contract negotiation and enactment. Contract monitoring tools are becoming more important as the level of automation of business relationships increase. When busi...

one of problems of the law of obligations is the classification of the sources of obligations. in the law of the rome the obligation arose from contract and crime. in french law there is other sources and this classification has been recorded in other codes. the lawyers believe that this classification is not extensive and logical. today there is unilateral obligation and obligations by other s...

Perennial iterations of Olympic Games, and the International Committee’s (IOC) contractual obligations upon host cities, have prompted development wide-ranging educational initiatives. S...

In social mechanism design, norm negotiation creates individual or contractual obligations fulfilling goals of the agents. The social delegation cycle distinguishes among social goal negotiation, obligation and sanction negotiation and norm acceptance. Power may affect norm negotiation in various ways, and we therefore introduce a new formalization of the social delegation cycle based on power ...