A study of the risks of contract ambiguity /

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Bibliographic Details
Author / Creator:	Torbert, Preston M., 1943- author.
Imprint:	[Chicago, Illinois] : Law School, University of Chicago, 2014.
Description:	1 online resource (121 pages)
Language:	English
Series:	Coase-Sandor Institute for Law and Economics working paper ; no. 686 (2d series) Coase-Sandor Institute for Law and Economics working paper ; no. 686.
Subject:	Contracts -- Language. Contracts -- Interpretation and construction. Risk. Ambiguity. Ambiguity. Contracts -- Interpretation and construction. Contracts -- Language. Risk.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/10038214
Related Items:	Contained in (manifestation): Peking University law review.

Hidden Bibliographic Details
Notes:	"May 2014." This article also appears in the Peking University transnational law review, volume 2, issue 1 (2014). Includes bibliographical references. Title from online title page (viewed July 30, 2014).
Summary:	"The article attempts to answer the question: What are the risks of ambiguity in contract drafting? It chooses one negotiated contract from the SEC's EDGAR database and performs a vey detailed ambiguity analysis of that contract. It finds that contract drafting has three ambiguity-related risks: the risk of an unanticipated event after the contract has become effective, the risk that a relevant provision in the contract will be found ambiguous, and the risk that the presumption of contra proferentem will apply to the interpretation of the ambiguous provision. The article is one practitioner's attempt to combine theory with practice and to appeal to practitioners, scholars, and judges who work with contracts."

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