Sentence examples for imperfect contract from inspiring English sources

Renegotiation is generally triggered for one of two reasons: an imperfect contract or changed circumstances.

Graham Windley, 29, a station agent at the Graham Avenue station on the L in Brooklyn, said he voted yes on an imperfect contract because "when you go into arbitration" - considered a likely path at this point - "you don't know what's going to happen".

The general reasons are (a) that interpretation may improve on otherwise imperfect contracts; and (b) that the prospect of interpretation allows parties to write simpler contracts and thus to conserve on contracting effort.

To illustrate this role of the arbitrator this section employs a model of collaborative production with imperfect contracting.

For example, Landa and Wang (2001) demonstrate that Chinese middlemen reduce uncertainty of imperfect rubber contracts by preferring to trade with members of the same clan rather than calculate expected profits from contracts with each potential dealer.

A cooperative corporate culture bridges the inevitable gap that arises from the limits of formal rewards and punishments due to incomplete contracts, imperfect monitoring and imperfect verifiability.

Even today's imperfect bundled payment contracts incorporate risk adjustments that are often better than those used in current FFS payment and beyond the crude risk adjustment used in capitation.

But the litany of Nassau's scapegoats is long and keeps growing from within, like a tumor: deficit spending, inadequate tax increases, expensive union contracts, imperfect politicians, the political complacency that can come with privilege, and, surprisingly, a healthy economy that for years kept the problems from erupting.

Contracting with imperfect commitment and the revelation principle: the single agent case.

The central question raised in this paper is the desirability of state-contingent contracts under imperfect policy credibility.

The agent may take ownership of the asset and is compensated according to the optimal linear incentive contract on one imperfect performance measure.