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Contract Law

Jenny Buchan
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Jenny Buchan: University of New South Wales

Chapter Chapter 5 in Franchisees as Consumers, 2013, pp 69-84 from Springer

Abstract: Abstract Contract laws are the glue that holds the commercial world together. Franchise relationships are, however, difficult to document adequately. To date, contract law has been unable to accommodate the franchisor/franchisee relationship appropriately. In this chapter, the dated notions of certainty and freedom of contract are challenged for their inability to deliver a balanced franchise agreement. The specific demands placed on contract law by the franchise relationship are discussed through the lenses of relational contracts, incomplete contracts and exploitative contracts. Consequent on signing up to join a franchise system, franchisees enter numerous contracts with third parties. These are introduced in this chapter.

Keywords: Relational Contract; Incomplete Contract; Contracting Process; Contract Design; Franchise System (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4614-5614-8_5

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DOI: 10.1007/978-1-4614-5614-8_5

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