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The Garden said the Newco offer was not an offer to transfer the rights to exploit Yankee games on televisions, which such traditional contracts grant.
Moreover, while the prices fixed in the traditional contracts are set after the wine harvest, trading in the proposed futures would commence while the grape was on the vine.
While traditional contracts are tied to stocks or commodities like oil and wheat, the financial industry in recent years has grown more creative, inventing products that bet on everything from the future price of mortgages and next month's weather to the production of movies.
And, he says, traditional contracts tend to lead to a misallocation of resources: "if you're a supplier, your best brains go into your legal department, so that when things go wrong you can write creative excuses".The Terminal 5 contract tries to align the interests of BAA and its suppliers so that risks can be managed properly.
When the demand is influenced by both retail price and retailer sales effort, none of the above traditional contracts can coordinate the supply chain.
Employees on zero-hours contracts also do not have the same employment rights as those on traditional contracts, and critics are concerned that the contracts are being used to avoid employers' responsibilities to employees.
Similar(47)
T-Mobile in March introduced new plans that do not require signing a traditional contract.
Cheshire has a more traditional contract with Capgemini to provide finance, facilities and fleet management.
Too often 'partnership' is used to describe what is in reality a traditional contract and/or supply chain relationship.
At the Treasury, Ed Balls, a former journalist who has become the chancellor of the exchequer's special adviser, has a more traditional contract.
Did they tell the voters they would, if elected, end the traditional contracting with public unions, and thus "make everybody hurt"?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com