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This study considers the influence of contracts on enforcement and the subsequent performance impact of aligned and misaligned enforcement. We define enforcement as a corrective action aimed at remedying problems occurring in the transaction. First we explain the role of contracts and show that...
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turned into joint interests in the agreement reached. It is a mistake to talk about the form of a contract without first …, given the options the party has. The form of the contract is not an end in itself. As a result in order to analyze the form … that contracting takes we must understand the function that each party needs the contract to perform—the kinds of …
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