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http://ssrn.com/abstract=1945988
 
 

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Introduction: The Three and a Half Minute Transaction: Boilerplate and the Limits of Contract Design


G. Mitu Gulati


Duke University - School of Law

Robert E. Scott


Columbia University - Law School

October 18, 2011

Columbia Law and Economics Working Paper No. 410

Abstract:     
The Hofstra Law Review has organized an “Ideas” symposium around our book manuscript “The Three and a Half Minute Transaction” (see http://ssrn.com/abstract=1937900). The idea for this symposium came from a debate that occurred at a faculty workshop at the Hofstra Law School some months ago where we were presenting our book manuscript. The topics of conversation included the following: the future of the current big-law-firm model, what value lawyers add in commercial transactions that use boilerplate contracts, why (and whether) boilerplate contracts are so slow to change, why law firms do not generally have R&D departments, the resolution of the Eurozone sovereign debt crisis and more. The Essays in this symposium are from an exceptional group of scholars and practitioners and we are honored that they use our manuscript as their jumping off point to tackle some of the topics mentioned. What we provide here is a brief introduction to the manuscript itself.

Number of Pages in PDF File: 12

Keywords: Boilerplate Contracts, Pari Passu Clause, Financial Contracts

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Date posted: October 20, 2011 ; Last revised: December 1, 2011

Suggested Citation

Gulati, G. Mitu and Scott, Robert E., Introduction: The Three and a Half Minute Transaction: Boilerplate and the Limits of Contract Design (October 18, 2011). Columbia Law and Economics Working Paper No. 410. Available at SSRN: http://ssrn.com/abstract=1945988 or http://dx.doi.org/10.2139/ssrn.1945988

Contact Information

Gaurang Mitu Gulati (Contact Author)
Duke University - School of Law ( email )
Box 90360
Duke School of Law
Durham, NC 27708
United States
Robert E. Scott
Columbia University - Law School ( email )
435 West 116th Street
New York, NY 10025
United States
212-854-0072 (Phone)
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