Follow Guiding Principles To A Successful Contract
Article by Kate Vitasek published 22 Sept. in Forbes.
A National Bureau of Economic Research paper highlights new research on how to overcome contractual incompleteness. Traditional contracting approaches have inherent flaws and a “new approach” that embeds informal social norms formally into a contract can help parties mitigate opportunistic behaviors, the paper says...
Here is the link: https://www.forbes.com/sites/katevitasek/2019/09/22/follow-guiding-principles-to-a-successful-contract/#746898276178