Contract today increasingly links entrepreneurial innovations to the efforts and finance necessary to transform ideas … into value. In this Chapter, we describe the match between a form of contract that "braids" formal and informal contractual … contract have emerged first in markets, and that the common law, and the theory of contract, then play catch-up. Between the …

The judgments of English courts regularly state that the principles governing contract interpretation are well … more conservative approach to contract interpretation under which disputes should be resolved primarily on the basis of … finding that the language of the contract is unambiguous is a ruling that absurd consequences will result …

risk factors. Using a two-period model, the paper examines the dynamic features of the optimal contract under the PPP. The …

, oftentimes contract forms are chosen that do not fit participant's (owners', contractors') competences and risk capabilities. In … this paper, MIPP order contract forms are evaluated for the most common settings of owners and contractors with respect to … MIPP are laid-out. Focusing on the main order contract, the involved parties are termed, introducing a "standard situation …

optimally offers a contract that makes the agent's utility concave in output. If the agent is risk-neutral and protected by … concavity constraint might bind for some outputs but not others. We characterize the unique profit-maximizing contract and show …

contracting model, absent judicial idiosyncrasies, the parties always write a contract contingent on the state of nature so as to …

-based contract design idea that responds to the need for business operations flexibility in a pandemic or in other times of systemic …