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Date: Sat, 18 May 2013 10:33:48 +0200

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Quote:

SSRN Author: Ronald J. Gilson
New: Contract, Uncertainty and Innovation
http://www.ssrn.com/abstract=1711435

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Text:

Contract today increasingly links entrepreneurial innovations to the efforts and finance necessary to transform ideas into value. In this Chapter, we describe the match between a form of contract that "braids" formal and informal contractual elements in novel ways and the process by which innovation is pursued. It is hardly surprising that these innovative forms of contract have emerged first in markets, and that the common law, and the theory of contract, then play catch-up. Between the time

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