How To Spot a Zombie

Zombie industries are all around us–these are businesses whose models have ceased to be relevant and they’re just waiting for something better to knock them over. This doesn’t mean they’re not still earning money–some of them are earning quite well, thank you. And it doesn’t mean that they’ve been artificially …

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 …

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 …

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 …

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 …