The Flexibility of Contracts [No. 86]

Every day, people engage in both simple and complex transactions that rely on contracts. Professor Todd Zywicki discusses how standard contracts allow people to make routine purchases, like buying a cup of coffee, without needing to think about the terms. Contracts can also be adjusted, specialized, and modified for larger transactions like business mergers. The flexibility of the contractual form allows for as much or as little standardization as needed.

Professor Todd J. Zywicki is George Mason University Foundation Professor of Law at George Mason University Antonin Scalia Law School, and Research Fellow at the GMU Law & Economics Center.

As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

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