and their impact on corporate operations and the contracting parties. After the presentation of individual contract … the article we describe the key features of venture capital contracts, the characteristics of selected contract elements … contracting practice …

This Article identifies and examines the principal-agent problem as it arises in the context of contract preparation … made. The preliminary task of preparing the contract, however, is not viewed as part of the economic agency analysis. This … respect to the particular task of preparing the written contract. While preparing the contract on behalf or for the benefit of …

incentive contract, whereas the agent does not observe the principal's motive and creates more organizational frictions as he …

contracting clarity. Clarity refers to the extent to which the terms of a relational contract, or subjective assessment can be … communicate, contracting clarity and hence the incentive effect of subjectivity diminish. Accordingly, firms should reduce their …

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 …

) contract or a recurring option contract with a fixed benchmark rate. In a model with an indefinite number of periods, the … increases with the rate of the performance fee and decreases with the level of HWM and the option contract benchmark rate. Both …