Contractual risk: Difference between revisions

Contractual risk (view source)

402 bytes added , 31 January

no edit summary

82,964

edits

@@ Line 1: / Line 1: @@
-{{a|negotiation|}}It is tempting to view risk as a single, integrated, unitary thing, that manifests evenly given the value, complexity or scale of contract. This is to confer upon our learned friends a “best-of” option:
+{{a|negotiation|}}It is tempting to view “risk” as a single, integrated, unitary thing that manifests evenly as a function of the ''value'' at stake, and about which complexity and volume of the surrounding legal endeavours — “[[verbiage]]”, to our friends in [[sales]] — are but a second-order derivative of that value.
-But we don’t think that is quite right. Contracts means taking different kinds of risk along the [[airbag - steering-wheel continuum]].
+But this is to confer upon our learned friends a “best-of” option. The bigger the value, the more room for ''[[eaglery]]''.<ref>This is, of course, another way of articulating {{buchstein}}’s [[Special theory of Parkinson’s Law|special theory of Parkinson’s Law]].</ref>
+But we don’t think that is quite right. Different contracts ask us to take different kinds of risk along the [[airbag - steering-wheel continuum]].
 =====Economic risks: airbags and life-rafts =====