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02 Jul 2018

The perverse effect of contracts

The choice of contracts - and particular terms and conditions - is often driven by habit, rather than any form of scientific thinking. That's in part due to a lack of data, but ultimately responsibility for fixing the problem lies with those who create the contracts. Their failure to examine the impact of the agreements they develop means that the world of contracting is often rather like mediaeval medicine - either ineffective or, at worst case, far more likely to kill than to cure.


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