Commitment in long-term contracts

Antony Dnes

Managerial and Decision Economics, 1999, vol. 20, issue 5, 291-292

Abstract: The paper deals with a common problem affecting businesses wishing to enter a licensing or franchising agreement in a country with limited rule of law. The contract needs to be self-supporting, which may be achieved by the careful structuring of the timing of payments. Copyright © 1999 John Wiley & Sons, Ltd.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:20:y:1999:i:5:p:291-292

DOI: 10.1002/(SICI)1099-1468(199908)20:5<291::AID-MDE940>3.0.CO;2-5

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