Consumer law requires legal agreements to be transparent – so how does this apply to complicated terms and conditions we're expected to read?
Financial firms often program computers to contract with other parties in security trades.
Law presumes that commercial contracts are intended to be legally binding, even where computers play a part in the bargain.
Most Australians don't read terms and conditions or other contracts, so lawyers are experimenting with comics, graphics and other ways to make them more understandable.
Corruption pollutes the African business environment.
Public sector corruption is a major challenge to doing business in Africa and players are mostly ill-equipped to deal with it. Business schools can teach the skills to tackle it.
Be careful what you agree to, you could be cleaning the public toilets.
Thousands of people were caught in an online prank where they unknowingly agreed to clean public loos, because they didn't read the small-print. But then again, who does?
Retirement village contracts are too complex for even some financial advisers.
AAP/ Paul Miller
While retirement villages aren't regulated like an insurance company, their contracts are essentially insurance policies. This puts the risk on retirees.
Without loyalty, employees don’t go the extra mile that’s needed to make a business competitive.
Breach of a psychological contract in the workplace can irreparably damage relationships and produce a number of undesirable outcomes.
We spend most of our waking hours at work, but are we really ourselves when we step through the door?
It might be too soon to say that smart contracts will do away with lawyers all together.
Consider, for a moment, these two statements from the “Ultimate Guide to Understanding Blockchain Smart Contracts” on a well known Blockchain website: 1) Traditional Contracts “Traditional physical contracts…
Gig workers are more vulnerable when it comes to legal protection of their rights.
Gig workers need to be aware of their contract terms and band together in order to maintain their working rights and pay.
“Cooling-off” periods for purchases made in high-pressure selling situations like door-to-door sales don’t help consumers, research shows.
image from shutterstock.com
Customers who make purchases under pressure don't use the usual 10-day cooling-off period given under law, new research finds.
Research has found franchisees don’t to do their homework before signing up to see whether their business could be terminated “at will”.
The law assumes franchisees do their financial and legal homework when it comes to signing up to a chain, but research shows franchisees are often overconfident and ignorant of the risks.
Hart and Holmström changed the way we think about corporate governance.
Contract theory goes beyond analyzing deals on paper to other sorts of agreements.
Contracts have governed the workings of the economy since ancient times. Contract theory is about ensuring they have the right incentives.