In this paper we model contract incompleteness "from the ground up," as arising endogenously from the costs of describing the environment and the parties' behavior. Optimal contracts may exhibit two ...

REDSTONE ARSENAL, Alabama (September 19, 2023) – Army Contracting Command officials awarded their first contract using the new Army Contract Writing System Sept. 14 with plans to introduce the new ...

FORT BELVOIR, Va. — U.S. Army Program Executive Office for Enterprise Information Systems, recently launched the Army Contract Writing System, a platform designed to provide the Office of the Deputy ...

Smart contracts can (among other things) allow users to set extra rules on their bitcoin, requiring these rules be met before the funds can be unlocked. Minsc, created by Bitcoin developer Nadav Ivgi, ...

Real estate investors often fall prey to the lure of saving money in the short term. Instead of thinking about the big-picture interests of their business, they cut corners to save on filing fees, ...

Many business contracts must be in writing to be enforceable. However, not every business transaction needs to be in writing. Specifically, many contracts involving goods (“goods” is a broad term that ...

Over the years, smart contracts have been battle-tested for a vast range of business aims. Their market worth is pacing to touch $354 billion by 2026 and testifying for mainstream adoption of DApps.