Some contracts, such as those between municipalities and highway construction firms, are extremely long with terms spelled

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Some contracts, such as those between municipalities and highway construction firms, are extremely long with terms spelled out in minute detail. Others, such as those between consulting firms and their clients, are short and fairly vague about the division of responsibilities. What factors might determine such differences in contract length and detail?

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Economics of Strategy

ISBN: 978-1118319185

6th edition

Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer

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