IS professionals are primarily concerned with the development of a project to meet the goals of a client. Unfortunately, IS professional do not always pay close attention to the contract or to its management and are often unaware of the legal implications of the contracts to which they are assenting. Legal advice can be sought during pre-contractual processes to help ensure that the contract me...

Electronic contracting, based on explicit representation of different parties’ commitments, is a promising way to specifying and regulating behaviour in distributed business applications. A key part of contract-based system is a process through which the actual behaviour of individual parties is checked for conformance with contracts set to govern such behaviour. Such checking requires that rel...

This paper identifies factors affecting design and management of contract arrangements in mango value chain using data from survey of 83 contractors involved in mango production and marketing in Uttar Pradesh, India. Contract partners’ responses on various aspects of contractual arrangements such as contract structure and negotiation process were recorded with the help of a structured questionn...

A Web-based multi purpose contractual management system can provide support to contractual process workflows for different types of contractual process of unilateral, bilateral or multilateral contracts. These processes can be done on-line i.e. Web-based without the need for all actors to be synchronously present with respect to both time and space. Different contractual processes of initializa...

Thinking about contingencies, designing covenants and seeing through their implications is costly. Parties to a contract accordingly use heuristics and leave it incomplete. The paper develops a model of bounded rationality and examines its consequences for contractual design. It is argued that cognition is a natural source of adverse selection in contractual relationships, that contracts may be...

The paradigm of design by contract provides a transparent way of specifying object-oriented systems. There exist a number of languages for contractual specification including OCL, JML and Spec#. Nevertheless, there are still a number of research problems concerning this approach. One of them is the implementation of primitive @pre in OCL or equivalently old in JML. Those primitives are used in ...

Electronic institutions are software frameworks integrating normative environments where agents interact to create mutual commitments. Contracts are formalizations of business commitments among groups of agents, and comprise a set of applicable norms. An electronic institution acts as a trusted third-party that monitors contract compliance, by integrating in its normative environment the contra...

This paper examines a general model of contract in multi-period settings with both external and self-enforcement. In the model, players alternately engage in contract negotiation and take individual actions. A notion of contractual equilibrium, which combines a bargaining solution and individual incentive constraints, is proposed and analyzed. The modeling framework helps identify the relation ...