Tag Archives: contractual negotiations

The economic efficiency of the rules governing contractual negotiations: from English micro-efficiency to French macro-efficiency

It is commonly suggested that English law, by being more influenced by commercial expectations, is more economically efficient than French law. How true is this statement when it comes to rules governing negotiations? This article aims to show that the two legal systems are actually both efficient but on a different scale: while English law clearly adopts an efficient position …

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