Following the descriptive analytical approach, this research addresses rules governing anticipatory breach of contract under United Nations Convention on Contracts for International Sale Goods (Vienna, 1980) (CISG). The first section paper presents definition breach. second introduced most important options granted to parties if principle is performed. problem study lies in showing adequacy leg...

With the development of marine protected areas (MPAs) on high seas in international community and an agreement protecting biodiversity beyond national jurisdiction, how to reasonably restrict freedom fishing MPAs has become a controversial issue theory practice. This article will use doctrinal research method. It discuss existing provisions regarding restricting including MPAs. These have been ...

Abstract Project construction contract disputes caused by the COVID-19 Epidemic are currently a hot issue of concern to both contracting parties. Based on conclusion confirmed Legal Work Committee National People’s Congress that inability perform due prevention and control is force majeure, it analyzed discussed contractor’s claimable non-claimable period expenses Epidemic.

We examine a model of contracting where parties interact repeatedly and can contract at any point in time, but writing enforceable contracts is costly. A contract can describe contingencies and actions at a more or less detailed level, and the cost of writing a contract is proportional to the amount of detail. We consider both formal (externally enforced) and informal (self-enforcing) contracts...

Political corruption is a type of market failure. One area of public policy where corruption is relatively common is the contracting out of public services. Private firms can improve their chances of obtaining contracts by bribing politicians or public servants and funding political parties. In the same vein, firms can gain access to policy makers by hiring influential former politicians –a pra...

The model rules in the Draft Common Frame of Reference (DCFR), as any other body of legal rules, in force or simply proposed, naturally have the intention of affecting, in the desired direction, the behavior of the relevant parties subject to them. Thus, it seems, at least prima facie, wise to consider the tools in our possession in order to get some estimate of how the latter would likely resp...

Objectives: The study aims to show the impact of Corona virus on contractual imbalance in lease contracts and ways treat it. Methods: researcher relied a descriptive, analytical deductive method his study. He employed descriptive approach clarify main terms study, which are: ijarah, virus, balance. also an addressing As for approach, it came devise address due contracts. Results: concluded numb...

We will present a method for tendering and contracting a project consisting of interdependent tasks that will ensure that the parties are interested in the strategy that is optimal for the total interest, considering the random events in the decision trees of the participants as well. This way if everybody behaves according to his own interest then the expected payoff of the issuer will be the ...

This paper studies optimal relational contracts when the value of the relationship between contracting parties is not commonly known. I consider a principal-agent setting where the principal has persistent private information about her outside option. I show that if the principal has the bargaining power, she wants to understate her outside option to provide strong incentives and then renege on...