Risk Allocation in Contract Law: A Key Element of Contractual Agreements
Risk Allocation in Contract Law: A Key Element of Contractual Agreements In the realm of contract law, risk allocation plays a pivotal role, determining who bears the burden if unexpected events affect the performance or enforcement of a contract. Proper risk allocation is essential for minimizing disputes and protecting the interests of all parties involved. This article will provide a comprehensive overview of risk allocation, its principles, common strategies, and its significance in contract law, Read more…