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A Proposed Taxonomy of Contracts

Mouzas, Stefanos and Furmston, Michael (2013) A Proposed Taxonomy of Contracts. Journal of Contract Law.

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Abstract

We propose a classification of contracts based on their real-life usage. Recognizing that there are a number of different and overlapping ways of classifying contracts, we can identify at least seven ways of doing this: 1) by the subject matter, 2) by the way the contract is made, 3) by the function of contracts, 4) by the time-horizon, 5) by the ability to re-negotiate terms, 6) by the involvement of consumers, 7) by the existence of mutual trust. The proposed taxonomy draws our attention to a hitherto neglected area of contract scholarship by revealing an underlying order in which multiple elements in a contract are related to each other.

Item Type: Article
Journal or Publication Title: Journal of Contract Law
Subjects: H Social Sciences > HF Commerce
Departments: Lancaster University Management School > Marketing
ID Code: 55442
Deposited By: ep_importer_pure
Deposited On: 27 Jun 2012 14:58
Refereed?: Yes
Published?: Published
Last Modified: 09 Apr 2014 23:42
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/55442

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