Contracts have been reviled since before the Marx Brothers\u27 infamous there ain\u27t no Sanity Clause sketch as being replete with duplicative, cumbersome, inartful, and sometimes imprecise language. My Article seeks to understand why practice apparently hasn\u27t made perfect—why the contract production process hasn\u27t been honed to a point that contracts are as clear, and only as long, as would seem to be optimal. I argue that the contracting production process combines rational, and what some would consider irrational, elements to create a serviceable, but arguably second-best, product. But I also argue that what counts as second-best in this and other contexts may be harder to discern than is generally thought
This article is a somewhat abridged version of the fifth annual Foulston-Siefkin Lecture which Profe...
Contract law abhors incompleteness. Although no contract can be entirely complete, the idea of a pur...
Complex contracts, such as those governing loans and acquisitions, create a state of the world-parti...
Contracts have been reviled since before the Marx Brothers\u27 infamous there ain\u27t no Sanity Cl...
Contract law and theory have traditionally paid little attention to the processes by which contracts...
This article focuses on the general problems confronting parties designing a contractual relationshi...
This Article starts with the proposition that most American contracting is consumer contracting, pos...
Complex business contracts are notoriously difficult to write and read. Certainly, when litigation a...
Legal scholars and legal educators view contracts as a welfare-maximizing (or optimal risk-allocatin...
This article sets out a normative theory to guide decisionmakers in the regulation of contracts betw...
Complex business contracts are notoriously difficult to write and read. Certainly, when litigation a...
Scholars have expended considerable energy in the effort to discover a normative theory of Contrac...
The article investigates why contracts lawyers, judges, and theorists ( contracts people ) routinely...
Attempting to infuse the austerity of theory with a dose of reality, an intrepid group of legal scho...
Formalists contend that courts should apply strict textual analysis in interpreting contracts betwee...
This article is a somewhat abridged version of the fifth annual Foulston-Siefkin Lecture which Profe...
Contract law abhors incompleteness. Although no contract can be entirely complete, the idea of a pur...
Complex contracts, such as those governing loans and acquisitions, create a state of the world-parti...
Contracts have been reviled since before the Marx Brothers\u27 infamous there ain\u27t no Sanity Cl...
Contract law and theory have traditionally paid little attention to the processes by which contracts...
This article focuses on the general problems confronting parties designing a contractual relationshi...
This Article starts with the proposition that most American contracting is consumer contracting, pos...
Complex business contracts are notoriously difficult to write and read. Certainly, when litigation a...
Legal scholars and legal educators view contracts as a welfare-maximizing (or optimal risk-allocatin...
This article sets out a normative theory to guide decisionmakers in the regulation of contracts betw...
Complex business contracts are notoriously difficult to write and read. Certainly, when litigation a...
Scholars have expended considerable energy in the effort to discover a normative theory of Contrac...
The article investigates why contracts lawyers, judges, and theorists ( contracts people ) routinely...
Attempting to infuse the austerity of theory with a dose of reality, an intrepid group of legal scho...
Formalists contend that courts should apply strict textual analysis in interpreting contracts betwee...
This article is a somewhat abridged version of the fifth annual Foulston-Siefkin Lecture which Profe...
Contract law abhors incompleteness. Although no contract can be entirely complete, the idea of a pur...
Complex contracts, such as those governing loans and acquisitions, create a state of the world-parti...