Chapter

Contract Governance: Dimensions in Law and Interdisciplinary Research

Stefan Grundmann, Florian Möslein and Karl Riesenhuber

in Contract Governance

Published in print July 2015 | ISBN: 9780198723202
Published online September 2015 | e-ISBN: 9780191790294 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198723202.003.0001
Contract Governance: Dimensions in Law and Interdisciplinary Research

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This chapter introduces contract governance as a new approach to contract theory. It addresses three cross-sectional themes, relevant for contract governance in general and recurrent in the subsequent chapters: The relationship between the established fields of corporate governance and public governance and the emerging field of contract governance research; the issue of levels and of regulation; and questions of interdisciplinary discourse. Despite its cross-sectional character, this chapter already takes up the four topics which form the building blocks of this book as a whole: third party impact, network of contracts, long-term character, and the issue of rule-setting. It concludes that compared to traditional contract law theory, contract governance requires a much wider perspective: it needs to take the market perspective into account; it requires analysing a whole range of various levels of regulation; and it requires a multidisciplinary approach, including not only economic, but also sociological and even neuroscientific knowledge.

Keywords: contract governance; corporate governance; public governance; third party impact; networks of contracts; long-term contracts; rule-setting; market perspective; multi-level regulation; interdisciplinarity

Chapter.  29236 words. 

Subjects: Company and Commercial Law ; Comparative Law

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