The term “liberty of contract” is usually associated with the doctrine that the due process clause of the United States … free-market advocates embrace the liberty of contract doctrine because they are averse to State interference with private … market transactions. But the term is ironic because a contract is only legally binding if courts will enforce it. Since …

rigid property rules, intellectual property owners will contract into more flexible liability rules. A series of recent …

employment contract. We show that not imposing such an agreement can be beneficial for the principal as the possibility to leave …