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- W1569746952 abstract "Many obligations can be seen as arising from contractual arrangements (or from situations resembling contractual arrangements) among agents. My obligation to repay you the $100 I borrowed is associated with a simple (quite possibly tacit and informal) contractual arrangement between us. My obligations as an employee of my university are associated with contractual arrangements with my university, which may be considered a collective agent. My university in turn has certain obligations to me. But some obligations change over time as a result of changing circumstances, and in at least some cases the changes that occur can be thought of as involving a renegotiation of a contract among the parties involved. When I pay back half the money I owe you, I have not fulfilled my original obligation; but neither does that original obligation to pay you $100 still stand. Instead, we may consider, we have renegotiated my contract with you so that my remaining obligation is to pay you $50 (or, depending on details of the negotiation, perhaps $50 plus interest or a late fee). Analogous, though usually more explicit, renegotiations of contracts are commonplace in the corporate world as well." @default.
- W1569746952 created "2016-06-24" @default.
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- W1569746952 date "2004-01-01" @default.
- W1569746952 modified "2023-09-27" @default.
- W1569746952 title "Obligation, Contracts, and Negotiation" @default.
- W1569746952 doi "https://doi.org/10.1007/978-3-540-25927-5_1" @default.
- W1569746952 hasPublicationYear "2004" @default.
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