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Under a complex system called the Contracts Rights Renewal (CRR) remedy, advertisers are able to scale down the amount of money they spend with ITV in direct proportion to falls in the broadcaster's share of the audience.
Stephen DiBrienza, who heads the City Council's general welfare committee, called the contracts a "virtual slush fund" that the commissioner of the Human Resources Administration, Jason A. Turner, "distributed with little review and no competition to friends and connections".
In a pilot Duke Law School program that began this spring, the first-year contract law textbook is being replaced with a multimedia, DVD-ROM called The Contracts Experience.
A J.P. Morgan spokesman called the contracts "plain vanilla" and wondered about the integrity of insurance companies: "This is a case about a commitment made by the insurance companies and a commitment not honored," Mike Golden Mike Golden, the J.P. Morgan spokesman, said.
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Immigrant advocates called the contracting process severely flawed.
This technique is also called the contract-relax.
The total authorized rent is called the contract rent.
Catherine J. Mathis, a Times spokeswoman, called the contract "fair and flexible".
The announcement by NBCUniversal called the contract a "groundbreaking multi-platform agreement".
Still, Mr. Alcorn called the contract a "plus-plus" for the district.
This is the Pareto possibility frontier which Edgeworth called the contract curve.
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