Obligations in Commercial Contracts: A Matter of Law or Interpretation?

A matter of interpretation: Ambiguous contracts and liquidated damages

A Matter of Interpretation: Bargaining over Ambiguous Contracts

We present a formal treatment of contracting in the face of ambiguity. The central idea is that boundedly rational individuals will not always interpret the same situation in the same way. More speci cally, even with well de ned contracts, the precise actions to be taken by each party to the contract might be disputable. Taking this potential for dispute into account, we analyze the e ects of a...

Analysis of Supplementary Banking Contracts in Imamieh Jurisprudence and Law

Whe the Bank is obliged to apply certain contracts as specified in the Law on Banking Operations to finance its economic activities, first to attract monetary resources as investment funds from the community and then as Advocate applicants from these resources. In note 23 of the Law on Continuous Improvement of the Business Environment Act, 2011, the Central Bank is required to regulate uniform...

Law and Economics of Obligations

While various liability rules of tort law provide efficient incentives to invest, breach remedies of contract law are claimed to be distortive. Since, at least in Germany, obligations law provides general rules for both contractual and tort relationships such discrepancy seems puzzling. The paper identifies a saddle point property as the driving force behind most efficiency results and it estab...

analysis of contract law of commercial expectations in patent license

In this research, protection of commercial expectation has been examined. The main question is how we could identify and assess existence of commercial expectations. In response, commercial expectation are acquisition of expectable benefit in market, mass production, absence of technical failure in licensed knowledge and so on. Therefore, it is essential to response by analysis of contract law ...