Principles of Contracts: Market Awareness

You walk into the grocery store to buy apples, but when you reach the produce section the apples are twice what they are across town, and the quality isn’t quite as good as you remember them from the other store. Do you buy them? Maybe, if you’re in a rush… Continue reading

Principles of Contracts: Nothing But Net

— — — — Previous Chapter: Interlude: Think Contracts Don’t Matter? — — — — Most of this series concentrates on general contract principles. This week’s entry is a little different. It’s devoted solely to the creative industries (businesses like films, music, books, theater, etc. which depend on artists for… Continue reading

Principles of Contracts: Self-Interest

— — — — Previous Chapter: The Narrowness Principle — — — — All business deals are based on trust, and it’s a trust backed up by a trustworthy legal system. Without trustworthy courts, high trust between people in a culture, and an environment characterized by trust and reciprocity, business… Continue reading

Principles of Contracts: The Narrowness Principle

— — — — Previous Chapter: The Third Cousins Rule — — — — “Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it.” Matthew 7:13, NIV Seldom, if ever, have the words above been truer… Continue reading

Principles of Contracts: The Third Cousins Rule

— — — — Previous Chapter: What is a Contract? — — — — Disputes and Contingencies So, contracts are legal documents that obligate the signers to particular courses of actions in the event of enumerated contingencies. What about disagreements? After all, as a legal document, it’s always possible contract… Continue reading

Principles of Contracts: What is a Contract?

— — — — Previous Chapter: Introduction — — — — A contract is probably not what you think it is. It’s not an ironclad dictate that you must sign or die. It’s not something that strips you of your rights. It’s not even a piece of paper (although the… Continue reading

Principles of Contracts: Introduction

Why Contracts Matter Money is truthful. When a man speaks of honor, make him pay cash. -Robert A. Heinlein, speaking as Lazarus Long, Time Enough For Love, 1973 The Concert In the early part of this century, I participated in a charity event to benefit the family of a dead… Continue reading