Most individuals strive to satisfy every obligation laid out in standard form contracts such as mortgages, insurance plans, or credit agreements. Sophisticated parties, however, adapt and modify their obligations during contract performance by negotiating for lenient treatment taking advantage of unclear terms. The common law explicitly authorizes variance from standardized terms performance. W...

In this paper, we present work in progress on the Electronic Contract Framework, an agent-based framework for the automation of contractual relationships. Electronic contracts are the cornerstone of this framework and contractual agents manipulate these abstractions to specify business relationships and to automate their execution. We first define the concepts and the formalism used to model el...

This paper reports on research whose general aim has been to explore the potential for developing logic-based tools for the analysis and representation of legal contracts [Daskalopulu 1998]. The intended applications of such representation include both the drafting of new contracts and the management and administration of existing ones, that is to say, the general problem of storing and retriev...

the precise contingency clauses described above also do not yet exist. The US proposal envisages that debtors and creditors and their lawyers would work together and gradually come to a set of clauses that would become the standard clauses for contracts, building on existing ‘collective action clauses’ (discussed below) which are already used in some jurisdictions.7 Unlike the SDRM, the US Trea...

In recent years, the market for credit default swaps (CDSs) has expanded dramatically. In these financial contracts, a sequence of payments is promised in return for protection against the credit losses in the event of default. By offering investors the chance to gain or sell risk exposure to a reference entity without buying or selling the underlying bond or loan, credit default swaps have gre...

This purpose of this research is to examine the impact suspending execution a contract on obligations in bilateral contracts. Suspension legal means based judicial and practical applications insurance custom. The importance clear given changing economic conditions world today, their consequences traditional solutions termination annulment These are at odds with suspension system that helps over...

Our purpose in this paper is to provide an overview of what we know about alliance contracts. After a short introduction to the contents of alliance contracts, we start by contrasting alliance contractual form and governance form. Next, we focus on two related constructs: contractual complexity and contractual completeness. We suggest that contractual complexity is a more adequate construct to ...