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Good-Cause Statutes Revisited: An Empirical Assessment, Adi Ayal, Uri Benoliel
Good-Cause Statutes Revisited: An Empirical Assessment, Adi Ayal, Uri Benoliel
Indiana Law Journal
One of the most vital debates in franchise law focuses on whether state or federal law should adopt “good-cause statutes” (GCSs), which require franchisors to show good cause before terminating contractual relations with a franchisee. The traditional law-and-economics analysis suggests that GCSs are inefficient. This inefficiency argument is based upon one central hypothesis: GCSs increase franchisee free riding since they limit the franchisor’s ability to terminate the franchise contract easily. The free-riding hypothesis has been significantly influential in the development of franchise law, as is evident in state and federal statutory regimes. To date, the majority of states and the …
Contracts By Outsiders To Influence Directors' Action
Contracts By Outsiders To Influence Directors' Action
Indiana Law Journal
Notes and Comments: Corporations