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Why the Partnership Model is Broken

Why the Partnership Model is Broken- Adrian Cartland Summary Only one person I can think of from my graduating class of 2005 is a Partner at a law firm. Of course, there might be more that I haven't kept in touch with, but it is an interesting anecdote. A number of...

COVID, Rent, Sharing Losses and Systemic Risk

COVID, Rent, Sharing Losses and Systemic Risk

Our contracts and the law surrounding them do not account for systemic risk. I believe that the common law has done a good job of balancing risks between parties (or rather a not-terrible job: it is difficult to determine whether law is truly good, merely whether there could be worse). Parties are generally held to their obligations, and there are limited situation that they can get out of them such as misrepresentation, fraud, implied terms, unconscionability, duress, frustration and undue influence to name a few. 

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