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Commitment in long‐term contracts
Author(s) -
Dnes Antony W.
Publication year - 1999
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/(sici)1099-1468(199908)20:5<291::aid-mde940>3.0.co;2-5
Subject(s) - structuring , term (time) , payment , economics , law and economics , business , industrial organization , microeconomics , actuarial science , finance , physics , quantum mechanics
The paper deals with a common problem affecting businesses wishing to enter a licensing or franchising agreement in a country with limited rule of law. The contract needs to be self‐supporting, which may be achieved by the careful structuring of the timing of payments. Copyright © 1999 John Wiley & Sons, Ltd.