Contract law, drafting techniques
Lecturers
RONCHI MATTEO ENRICO
BONA MARCO
ROSBOCH AMEDEO
Lecturers
Marco Bona, Amedeo Rosboch, Matteo Ronchi
Aim of the course
The course will offer a
comparative analysis of different approaches to the Law of Contracts and
Commercial Transactions in Europe and in the United States, and it can be regarded as an
advanced contracts course. The course will be taught in an interdisciplinary
way, using the case method, the comparative analysis and the economic approach
to legal rules. After an introduction to the relevant sources of law, major
emphasis will be placed on issues related to contract formation,
interpretation, conditions, excuse of performance, remedies for breach and the
limits of contractual freedom. Students will be encouraged to take an active
role in class, to participate in the critical discussion of cases and materials
and to work on several issues in small groups. The course is designed to
provide students with the intellectual tools needed for understanding and
evaluating the economic effects of legal rules and contractual provisions in
the competitive environment of the global marketplace.
Syllabus
1.
The economic foundations of contract law.
2.
Selecting default rules: a transaction cost approach.
3.
Sources of the law of contracts in Europe and in the United States of America.
4.
The enforceability of promises.
5.
Causa, consideration, reliance and the role of formalities.
6.
Contract formation: offer, acceptance.
7.
Preliminary negotiations.
8.
Mistake and misrepresentation: pre-contractual duty to disclose.
9.
The notion of breach of contract.
10. Risk
allocation and the effect of changed circumstances.
11.
Monitoring performance: good faith and opportunism.
12.
Termination and remedies for breach of contract: compensatory damages, punitive
damages and penalty clauses.
13. The
efficient breach theory.
14.
Regulated contracts and consumer protection: the limits of freedom of contract.
In addition
to regular classes, the program contemplates a number of lectures held by
distinguished guest speakers.
Examinations
There will be a written
exam at the end of the course. Class participation and group exercises will
also count for evaluation purposes. Detailed information on evaluation criteria
will be provided at the beginning of the course.
Reading list
Gordley,
J., (ed.),
The enforceability of promises in European contract law,
Cambridge U. P.,
Cambridge, 2001.
Beale, H.,
(ed.), Contract Law - Casebooks on the Common law of Europe, Hart Pub., Oxford, 2002.
Gillette,
C. P., Walt, S. D., Sales Law: domestic and international, Foundation
Press, New York, 1999.
Fuller, L.
L., Eisenberg, M. A., Basic contract law, West Group, St. Paul, 1996, 6th ed..
Calamari,
J. D., Perillo, J. M., The law of contracts, West Group, St. Paul, 1998,
4th ed..
Kötz, H.,
Flessner, A., European contract law - Vol. 1: Formation, Validity, Content
of Contracts; Contract and Third Parties, by Kötz, H., translated from the
German by Weir, T., Clarendon Press, Oxford, 1997.
Zimmermann,
R., Whittaker, S., (eds.), Good faith in European contract law,
Cambridge U. P., Cambridge, 2000.