Nexus of Contracts

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Nexus of Contracts

Any contract or other thing that is related to anything else, especially something that causes something else.

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References in periodicals archive ?

Not surprisingly, he finds that the investor capitalism model is operating regardless of the fact that the nexus of contracts that forms the foundation of agency theory is basically an ideological belief that does not rest on any foundations in mainstream corporate law or judicial holdings.

Corporate Governance, the Firm and Investor Capitalism: Legal-Political and Economic Views

The seeds for Boilermakers and ATP Tour were sewn three decades ago with the metaphorical pronouncements by many commentators that the corporation is but a "nexus of contracts." (10) The expression is impactful because it is more than just a metaphor; it has substantive bite.

Corporate law and the limits of private ordering

Moreover, they might signal the final gasp of the nexus of contracts theory--at least in its descriptive guise.

The Rise of the Uncorporation

(3) Berkahn uses the term 'contractarian' to describe both the conception of the company as founded on a contract between the shareholders and the modern nexus of contracts analysis of the corporation.

Regulatory and Enabling Approaches to Corporate Law Enforcement

Viewing the firm as a nexus of contracts at first instance provides a conceptual basis for challenging the dominant shareholder ideology which, critics such as Lazonic and O'Sullivan (2000) argue, has proved to be counterproductive to both the generation and distribution of wealth in the Anglo-American variety of capitalism.

Protecting employee entitlements: corporate governance and industrial democracy in Australia

* Kenneth Ayotte, Northwestern University Law School, and Henry Hansmann, Yale University, "A Nexus of Contracts Theory of Legal Entities"