What is CONTRACT THEORY?

Depending on the assumption that deals exist to define the anticipations of the primary while offering a clear explanation of how an agent would benefit provided the expectations are met and contains the entailed faith between the parties about the validation of all representations.

More On This Topic



Link to This Definition
Did you find this definition of CONTRACT THEORY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary