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Full-Text Articles in Law
Contract Schemas, Roseanna Sommers
Contract Schemas, Roseanna Sommers
Articles
This review draws on the notion of “contract schemas” to characterize what ordinary people think is happening when they enter into contractual arrangements. It proposes that contracts are schematically represented as written documents filled with impenetrable text containing hidden strings, which are routinely signed without comprehension. This cognitive template, activated whenever people encounter objects with these characteristic features, confers certain default assumptions, associations, and expectancies. A review of the literature suggests that contract schemas supply (a) the assumption that terms will be enforced as written, (b) the feeling that one is obligated to perform, and (c) the sense that one …
Improve Recitals And Consideration Clauses With Plain Language, David Spratt
Improve Recitals And Consideration Clauses With Plain Language, David Spratt
Articles in Law Reviews & Other Academic Journals
As used in a "WHEREAS" clause, the term "whereas" simply means "considering that" or "that being the case." There is no legal effect to the word "whereas." It, like many other words used in standard contract boilerplate, is left over from some long-forgotten era of legal writing when lawyers used big words and legalese to impress clients with their intelligence and to justify their bills. These times have (or at least should have) passed. Today, documents must be accessible to those who use them: in most cases the clients for whom such documents are drafted.
Investigating The Contract Production Process, Stephen J. Choi, Robert E. Scott, G. Mitu Gulati
Investigating The Contract Production Process, Stephen J. Choi, Robert E. Scott, G. Mitu Gulati
Faculty Scholarship
Contract law and theory have traditionally paid little attention to the processes by which contracts are made. Instead, contracts among sophisticated parties are assumed to be full articulations of the desires of the parties; whatever the process, the outcome is the same. This article compares sovereign debt contracts from US and UK firms, with different production processes, that are trying to do the same thing under very similar legal regimes. We find that that the production process likely matters quite a bit to the final form that contracts take.