Sentence examples for contracts obligation from inspiring English sources

We test the effect of heterogeneous regulatory design between two interdependent markets: energy-only market, price-capped market without capacity mechanisms and price-capped markets with forward capacity contracts obligation.

Mr. Gregory said Soyuz capsules would be used to satisfy an American contract obligation to provide crew rescue capacity for all non-Russian astronauts on the station.

Indeed, the formal structure of contract may be understood by establishing contrasts between contract obligation and these near-neighbors.

Note that a producer that sells its production in the pool during the two hours of the study horizon does not have any contracting obligation to sell electricity.

Such a regime would thus support the internal norms of contract obligation and bring the law of contract into conformity with the morality of promise.

Contract obligation so constituted possesses several fundamental features that distinguish it from adjacent forms of private obligation recognized by law, including in particular tort obligation on the one hand and fiduciary obligation on the other.

Furthermore, and again in contradistinction to tort obligation, contract obligation is forward-rather than backward-looking; contract concerns realizing promised gains rather than restoring a status quo ante disturbed by a wrong.

If the power producer is unable to deliver such amount of energy due to, for example, an unexpected failure of a generating unit, it must buy the missing energy in the day-ahead market to comply with its contract obligation.

Good faith thus does not so much introduce altruism into the contract relation as preclude contract obligation itself from exacerbating inequality in bargaining power, thus becoming a tool of exploitative advantage-taking.

But Scanlon's theory achieves its results only at the cost of remaining unable to account for the fact that contract obligation forbids even honest and careful promisors (who are innocently overtaken by events) from changing their minds.

As Charles Fried observed (in developing an account of contract law based on the law's promissory roots and thus on the idea that contract obligation is "essentially self-imposed") (1981: 2), contractual trust does not establish intimacy but rather serves "humdrum ends: We make appointments, buy and sell" (1981: 8).