Transaction - Risk Article

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A transaction is, therefore, a cooperation. A cooperation is a fundamental strike against the open market (even though it is the essence of the market – paradox alert. A transaction is its own mini cartel. It will often be wrapped up in anti-competitive terms: confidentiality, exclusivity, licencing, intellectual property. These cartel terms derogate from the fundamental conditions of the market. They undermine the benign nomological machine.