Although legal terminology can make reading and understanding a contact challenging, the principals involved are straightforward. A contract written on a cocktail napkin is just as valid as one ...

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 ...

In a recent Delaware Court of Chancery decision, the court explained several useful principles of contract interpretation and also provided insight into the methods the court uses to resolve ambiguous ...

In an opinion released yesterday, the Supreme Court reaffirmed that collective bargaining agreements (CBAs) must be interpreted according to “ordinary principles of contract law.” CNH Industrial N.V.

The Supreme Court has unanimously vacated a Sixth Circuit ruling that a collective bargaining agreement (CBA) vested retirees with lifetime medical benefits. M&G Polymers USA, LLC v. Tackett, No.

Learn about contracts from Harvard Law Professor Charles Fried, one of the world's leading authorities on contract law. Contracts are promises that the law will enforce. But when will the law refuse ...

Incorporating the principles of value-based insurance design (VBID) can help prevent the negative effects of outcomes-oriented contracting, such as cost-related nonadherence. This article was ...

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