investment in oil and gas upstream activities is very important for the exploration and development of oil and gas fields. different and various laws and regulations deal with the investment in upstream operations. by reviewing these various laws and regulations, this research paper tries to discuss to what extent these laws and regulations have created legal confident for foreign investment up...

the principle of sovereignty of will is taken into consideration in jurisprudence and law as one fundamental, significant principle. one instant of declaring sovereignty of will is the right to cancel the contract through option of condition. that the contracts are subject to the option of condition is easily accepted – though whether this is acceptable with some instants of contracts such as m...

This article aims to study lease and hiring contract in the Iranian-Islamic setting and analyze the asymmetric information problem in these contracts. For doing this, we study the characteristics of lease and hiring contracts in Iran (real world experimental characteristics that recognized in other studies), using library method, then we mathematically model different aspects of asymmetric info...

Purpose – This paper aims to examine contracts in public jurisdictions to compare academic theories related to outsourcing risks and risk management strategies to current practice in order to extend and refine theory concerning what risk management strategies can, or should, be included in outsourcing contracts. Design/methodology/approach – An automated content analysis tool is used to rigorou...

We use data from the life insurance industry to study the properties of long term contracts in a world where buyers cannot commit to a contract. We develop a theoretical model that captures the main features of this industry, in particular, how contracts are designed to deal with reclassification risk. The data is especially suited for a test of the theory since it includes information on the e...

This paper extends our previous research on e-contracts by investigating the problem of deriving business process specifications from business contracts. The aim here is to reduce the risk of behaviour leading to contract violations by encouraging the parties to a contract to follow execution paths that satisfy the policies in the contract. Our current contract monitoring prototype provides run...

This paper is focused on a Double Dummy Bridge Problem (DDBP) which consists in answering the question of how many tricks are to be taken by a pair of players assuming perfect play of all four sides with all cards being revealed. Several experiments are also presented in a variant of DDBP in which the information about to whom of the two players in a given pair a particular card belongs to is h...

In IS outsourcing relationship literature, research has focused on detailed legal contracts and partnerships. We investigate the role of psychological contracts between client and vendor in the IS outsourcing context. The aim of this paper is to put the concept “psychological contract commitment” (PCC) under the spotlight, finding out its mediating effects between legal contracts/partnerships a...

Recent research in e-contracts is concerned with the development of frameworks and tools to support contracts. ER framework is one that enables modelling and deployment of e-contracts. In this work, we have designed and developed a toolkit for contract visualization and enactment based on ER data model. This toolkit provides appropriate services for semiautomated contract execution starting fro...

An increasing volume of business activity appears to be occurring via alliances or other interfirm arrangements in which complex contracts are featured, yet there has been relatively little study of contract design in the strategy or management literatures. The economics literature on contracting has been extensive, but it has been less concerned with learning and evolution—phenomena in which s...