Commitment in long-term contracts
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Antony W. Dnes
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Article
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1999
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John Wiley and Sons
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English
β 38 KB
π 1 views
The paper deals with a common problem affecting businesses wishing to enter a licensing or franchising agreement in a country with limited rule of law. The contract needs to be self-supporting, which may be achieved by the careful structuring of the timing of payments.