Abstract

Reimagining Contract in a World of Global Value Chains

Highlights

  • At the same time, the exact role of contract remains obscure for practical and conceptual reasons: practically because contracting techniques are kept as a business secret and are barely litigated upon in public, and conceptually because paradigms of contract, as they are taught in law schools around the world, largely stem from the 19th century with few incremental developments since

  • Global value chains (GVCs) seem to command a novel direction of research on contracts, not taking individual doctrines or contract law as a broader field as a starting point, but rather the social institution of the value chain itself

  • The legal regimes of GVCs are fragmented and composed of many disciplines. They defy the niche eclecticism of the notorious ‘law of the horse’ that became a prominent reference in early debates around the role of law in cyberspace.[1]. This issue’s focus on contract by no means claims an exclusive inroad to understanding GVCs, but identifies contract as a fruitful starting point to account for the plurality of legal disciplines at play

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Summary

Introduction

The exact role of contract remains obscure for practical and conceptual reasons: practically because contracting techniques are kept as a business secret and are barely litigated upon in public, and conceptually because paradigms of contract, as they are taught in law schools around the world, largely stem from the 19th century with few incremental developments since. *Corresponding authors: Klaas Hendrik Eller, Minerva Post-Doctoral Fellow, Edmond J.

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