Nexus of contracts

Nexus of contracts

The nexus of contracts theory is an idea put forth by a number of economists and legal commentators (most notable Frank Easterbrook of the United States Court of Appeals for the Seventh Circuit) which asserts that corporations are nothing more than a collection of contracts between different parties - primarily shareholders, directors, employees, suppliers, and customers. Proponents of this theory contend that all disputes about the obligations of a particular corporation should be settled by resort to the methods used to interpret contracts, and that courts should not imply the existence of fiduciary duties on behalf of corporate officers and directors.


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Nexus (of contracts) — A set or collection of something. The New York Times Financial Glossary …   Financial and business terms

  • Nexus (professional wrestling) — The Nexus You re either Nexus or you re against us! Nexus motto under Wade Barrett Faith. Motto under CM Punk Statistics Members Wade Barrett …   Wikipedia

  • Nexus One — Brand Google / …   Wikipedia

  • nexus — (of contracts) A set or collection of something. Bloomberg Financial Dictionary …   Financial and business terms

  • Set of contracts perspective — View of corporation as a set of contracting relationships, among individuals who have conflicting objectives, such as shareholders or managers. The corporation is a legal contrivance that serves as the nexus for the contracting relationships. The …   Financial and business terms

  • set of contracts perspective — View of corporation as a set of contracting relationships among individuals who have conflicting objectives, such as shareholders or managers. The corporation is a legal construct that serves as the nexus for the contracting relationships.… …   Financial and business terms

  • Positive accounting — is the branch of academic research in accounting that seeks to explain and predict actual accounting practices. This contrasts with normative accounting, that seeks to derive and prescribe optimal accounting standards.Positive accounting can be… …   Wikipedia

  • IBM Global Services — is the world s largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. IBM Global Services started in the spring of 1991, with the aim …   Wikipedia

  • David Otunga — Ring name(s) Dawson Alexander[1] David Otunga[2] …   Wikipedia

  • Darren Young (wrestler) — Darren Young Darren Young Ring name(s) Bonecrusher Sampson[1] Darren Young[1] Fred Rossen …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”