The three and a half minute transaction : boilerplate and the limits of contract design /

Boilerplate language in contracts tends to stick around long after its origins and purpose have been forgotten. Usually there are no serious repercussions, but sometimes it can cause unexpected problems. Such was the case with the obscure pari passu clause in cross-border sovereign debt contracts, u...

Full description

Saved in:
Bibliographic Details
Author / Creator:Gulati, Mitu.
Imprint:Chicago : University of Chicago Press, 2013.
Description:1 online resource.
Language:English
Series:Chicago series in law and society
Chicago series in law and society.
Subject:Standardized terms of contract.
Contracts -- Language.
Foreign trade regulation.
LAW -- Contracts.
LAW -- Liability.
Contracts -- Language.
Foreign trade regulation.
Standardized terms of contract.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11167716
Hidden Bibliographic Details
Other authors / contributors:Scott, Robert E., 1944-
ISBN:9780226924397
0226924394
1283833700
9781283833707
9780226924380
0226924386
Digital file characteristics:text file
Notes:Includes index.
Includes bibliographical references and index.
Print version record.
Summary:Boilerplate language in contracts tends to stick around long after its origins and purpose have been forgotten. Usually there are no serious repercussions, but sometimes it can cause unexpected problems. Such was the case with the obscure pari passu clause in cross-border sovereign debt contracts, until a novel judicial interpretation rattled international finance by forcing a defaulting sovereign-for one of the first times in the market's centuries-long history-to repay its foreign creditors. Though neither party wanted this outcome, the vast majority of contracts subsequently issue.
Other form:Print version: Gulati, Mitu. Three and a half minute transaction. Chicago : University of Chicago Press, 2013 9780226924380
LEADER 04373cam a2200673Ia 4500
001 11167716
005 20210528162108.6
006 m o d
007 cr cnu---unuuu
008 121204s2013 ilu ob 001 0 eng d
003 ICU
010 |z  2012019817 
040 |a N$T  |b eng  |e pn  |c N$T  |d YDXCP  |d E7B  |d IDEBK  |d OCLCF  |d MHW  |d NLE  |d OCLCQ  |d DEBSZ  |d OCLCQ  |d QCL  |d MOR  |d OTZ  |d OCLCQ  |d MERUC  |d OCLCQ  |d BOL 
019 |a 822041396  |a 860379616  |a 988410757  |a 995009298  |a 1062965119  |a 1114378014 
020 |a 9780226924397  |q (electronic bk.) 
020 |a 0226924394  |q (electronic bk.) 
020 |a 1283833700 
020 |a 9781283833707 
020 |z 9780226924380 
020 |z 0226924386 
035 |a (OCoLC)820204629  |z (OCoLC)822041396  |z (OCoLC)860379616  |z (OCoLC)988410757  |z (OCoLC)995009298  |z (OCoLC)1062965119  |z (OCoLC)1114378014 
050 4 |a XXK845.S7  |b G86 2013eb 
072 7 |a LAW  |x 021000  |2 bisacsh 
072 7 |a LAW  |x 113000  |2 bisacsh 
049 |a MAIN 
100 1 |a Gulati, Mitu. 
245 1 4 |a The three and a half minute transaction :  |b boilerplate and the limits of contract design /  |c Mitu Gulati and Robert E. Scott. 
260 |a Chicago :  |b University of Chicago Press,  |c 2013. 
300 |a 1 online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
340 |g polychrome.  |2 rdacc  |0 http://rdaregistry.info/termList/RDAColourContent/1003 
347 |a text file  |2 rdaft  |0 http://rdaregistry.info/termList/fileType/1002 
490 1 |a Chicago series in law and society 
500 |a Includes index. 
505 0 0 |g Introduction --  |t A story of sticky boilerplate begins in Brussels --  |t The sovereign bond contract --  |t Theories explaining the stickiness of contract boilerplate --  |t The importance of Elliott : the official story --  |t Market responses --  |t The faithful lawyer --  |t The imperfect agent --  |t Rituals and myths --  |t The hunt for Pari Passu --  |t The agency costs of big law --  |g Epilogue. 
588 0 |a Print version record. 
504 |a Includes bibliographical references and index. 
520 |a Boilerplate language in contracts tends to stick around long after its origins and purpose have been forgotten. Usually there are no serious repercussions, but sometimes it can cause unexpected problems. Such was the case with the obscure pari passu clause in cross-border sovereign debt contracts, until a novel judicial interpretation rattled international finance by forcing a defaulting sovereign-for one of the first times in the market's centuries-long history-to repay its foreign creditors. Though neither party wanted this outcome, the vast majority of contracts subsequently issue. 
650 0 |a Standardized terms of contract.  |0 http://id.loc.gov/authorities/subjects/sh85127312 
650 0 |a Contracts  |x Language. 
650 0 |a Foreign trade regulation.  |0 http://id.loc.gov/authorities/subjects/sh85050531 
650 7 |a LAW  |x Contracts.  |2 bisacsh 
650 7 |a LAW  |x Liability.  |2 bisacsh 
650 7 |a Contracts  |x Language.  |2 fast  |0 (OCoLC)fst00876985 
650 7 |a Foreign trade regulation.  |2 fast  |0 (OCoLC)fst00931923 
650 7 |a Standardized terms of contract.  |2 fast  |0 (OCoLC)fst01131479 
655 4 |a Electronic books. 
700 1 |a Scott, Robert E.,  |d 1944-  |0 http://id.loc.gov/authorities/names/n82060846 
776 0 8 |i Print version:  |a Gulati, Mitu.  |t Three and a half minute transaction.  |d Chicago : University of Chicago Press, 2013  |z 9780226924380  |w (DLC) 2012019817  |w (OCoLC)783150330 
830 0 |a Chicago series in law and society.  |0 http://id.loc.gov/authorities/names/n2001057057 
856 4 0 |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=506118  |y eBooks on EBSCOhost 
856 4 0 |u https://ebookcentral.proquest.com/lib/uchicago/detail.action?docID=1062013  |y ProQuest Ebook Central 
903 |a HeVa 
903 |a HeVa 
999 f f |i 693d4109-f888-5b4e-871d-d016b1f2ae06  |s a088eb2e-aec7-5958-a9d6-cbc0b7c89fa4 
928 |t Library of Congress classification  |a XXK845.S7 G86 2013eb  |l Online  |c UC-FullText  |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=506118  |z eBooks on EBSCOhost  |g ebooks 
928 |t Library of Congress classification  |a XXK845.S7 G86 2013eb  |l Online  |c UC-FullText  |u https://ebookcentral.proquest.com/lib/uchicago/detail.action?docID=1062013  |z ProQuest Ebook Central  |g ebooks