drawing up the insurance contracts by insurance companies has led to disregard policyholder's rights. this means that insurers by inserting unfair terms in insurance contracts seek to make a contract that they gain special privileges for themselves. jurists as main opponents of injustice regard commitment not to insert unfair terms as one of the insurer's pre-contractual obligations i...

in state-investor dispute, investor tends that umbrella clause transfers all contractual claims to treaty claims. by contracts, state follows narrow interpretation of this clause. up to ilc articles, establishing of responsibility of state for breach of contract requires tow preconditions. first state is merely responsible when state condoct has been of governmental nature and second is that br...

The organizational form of franchising has been shown to yield higher profits and faster growth through reducing agency costs. Why then does anyone not franchise? In this paper I argue that the diffuse residual claims of the franchise system reduce overall system quality, and that this problem is inherent in the nature of franchising. The theory is tested by examining evidence from both the res...

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 ...

Many US states have regulations that restrict the ability of franchisors to terminate franchise contracts. We estimate economic effects these with a focus on how they impact market structure. Using data from quick-service restaurant industry, we find implementing results in 4–5 percent fewer establishments average county. Our imply regulation leads increased concentration large number markets, ...

This paper examines questions about contract enforcement in the absence of formal legal institutions, using archival evidence for one particular rural society in pre-emancipation Russia. The evidence presented indicates that enforcement services provided by the local landlord made it possible for Russians from different socioeconomic and legal strata (soslovii) to engage in a wide variety of co...

Electronic contracts (e-contracts) usually describe cross-organizational business processes defining electronic services to be provided and consumed as well as constraints on service execution such as, for instance, Quality of Service (QoS). Due to market dynamism, it is common that organizations involved in a cooperation need to do some adjustments in a pre-established e-contract. These change...