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Commitment in long-term contracts

✍ Scribed by Antony W. Dnes

Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
38 KB
Volume
20
Category
Article
ISSN
0143-6570

No coin nor oath required. For personal study only.

✦ Synopsis

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.

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