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When laborers become assets, the underlying contract with the organization has to change.
Or should it claim to be both "beneficiary" and "assignee" of the underlying contract?
As the recent court decision in Mendenhall v. Hanesbrands explains, an athlete hired to a contract for a term of years cannot simply be fired for exercising political speech unless exercising that speech violates the terms of the underlying contract.
In the living company, the essence of the underlying contract is mutual trust.
According to their underlying contract with the company, those outsiders trade their time and expertise for money.
Here's the paradox: if a film works, then its underlying contract is clearly understood, even if it is never explicitly stated; and if its contract is understood, then the film works.
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The company says is does not expect any changes to underlying contracts or any immediate job losses, in the event of administrators taking over.
Therefore, they said, a futures contract that is simply a promise to deliver a swap should be treated like the underlying swap contract, rather than other futures contracts to deliver physical commodities, government bonds, or shares in the S&P 500.
A market for trading base metals, where traded options contracts are available against the underlying futures contract.
I was at home for five years with my daughter, then I returned to work as a lecturer at Staffordshire University on a series of temporary contracts including full-time and part-time; my underlying permanent contract remains hourly-paid.
Swaps often are just economic substitutes for the asset or event underlying a contract.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com