Contract Design: Principles and Practice


Course Code:
LAW 434
Law Honors/Pass/R credit/Fail


Although transaction lawyers spend much time drafting contracts and related documents, they can contribute very significant value by designing transactions. Transactions should be tailored to the goals and circumstances of each set of parties, but there are some general principles that can guide the design process. This seminar examines some of these principles: such as the use of embedded options in contracts, of third parties, and of tailored procedures for dispute resolution and enforcement. Some of the readings and discussion will be at a fairly high level of abstraction, drawing on economic and sociological theories of contracting. The rest will closer to ground level, looking at particular types of transactions, such as franchising, construction, joint ventures, or start-up financing. We will also look at the process of innovation in contract design, including the role of lawyers and digital document production. Students will be required to write paper for the seminar, and encouraged to focus on a specific type of transaction. Special Instructions: Grades will be based on (1) short papers or (2) an independent research paper for "R" (Research credit). After the term begins, students accepted into the course can transfer from section (01) into section (02), which meets the R requirement, with consent of the instructor. Elements used in grading: Short papers or research paper.

Past Offerings

2014-2015 Spring

Contract Design: Principles and Practice LAW 434 Section 01 Class #30301

  • 2 Units
  • Enrollment Limitations: Lottery 18
    • 2L3LADV

Notes: Writing Requirement for Law Degree.

Contract Design: Principles and Practice LAW 434 Section 02 Class #30302

  • 2 Units
  • Enrollment Limitations: Consent
    • 2L3LADV

Notes: Research Requirement for Law Degree.

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