Freedom of contract, fiduciary duties, and partnerships: The bargain principle and the law of agency
The issue whether to allow waiver of fiduciary duties generates inquiries into root matters of policy, including determining the underlying nature of private business relationships, the weight to be given to personal responsibility for agreements, and the appropriate role of the law in this context....
Gespeichert in:
| Veröffentlicht in: | Washington and Lee law review 1997-04, Vol.54 (2), p.439 |
|---|---|
| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | |
|---|---|
| container_issue | 2 |
| container_start_page | 439 |
| container_title | Washington and Lee law review |
| container_volume | 54 |
| creator | Hynes, J Dennis |
| description | The issue whether to allow waiver of fiduciary duties generates inquiries into root matters of policy, including determining the underlying nature of private business relationships, the weight to be given to personal responsibility for agreements, and the appropriate role of the law in this context. An argument for freedom of contract rests on the bargain principle as reflected in the law of agency when addressing similar issues and on the unique situation of partners, who have bargaining status and many tools available to them for protection from an opportunistic partner. When coupled with a requirement of specificity and a broad view of unconscionability, this argument carries the greater weight. |
| format | Article |
| fullrecord | <record><control><sourceid>proquest</sourceid><recordid>TN_cdi_proquest_journals_236243814</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>12631990</sourcerecordid><originalsourceid>FETCH-proquest_journals_2362438143</originalsourceid><addsrcrecordid>eNqNjEFuwjAQAC1EJQLtH1aciWRikwLXqhEPyD1a7A0Ypba7doT4fdOqD-A0hxnNTBTbg67Kut7t56KQUqtS6lotxDKlm5RyV6n3QtiGiWz4gtCDCT4zmryB3tnROOQH2DE7ShtAbyEiZ0-cri6mI7RXgjPyBZ2HyM4bFwf66_JkBrz_LvFC3jxexUuPQ6K3f67EuvlsP05l5PA9UsrdLYzsJ9VVqq602m-1eir6AXVvRrE</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>236243814</pqid></control><display><type>article</type><title>Freedom of contract, fiduciary duties, and partnerships: The bargain principle and the law of agency</title><source>HeinOnline Law Journal Library</source><creator>Hynes, J Dennis</creator><creatorcontrib>Hynes, J Dennis</creatorcontrib><description>The issue whether to allow waiver of fiduciary duties generates inquiries into root matters of policy, including determining the underlying nature of private business relationships, the weight to be given to personal responsibility for agreements, and the appropriate role of the law in this context. An argument for freedom of contract rests on the bargain principle as reflected in the law of agency when addressing similar issues and on the unique situation of partners, who have bargaining status and many tools available to them for protection from an opportunistic partner. When coupled with a requirement of specificity and a broad view of unconscionability, this argument carries the greater weight.</description><identifier>ISSN: 0043-0463</identifier><identifier>EISSN: 1942-6658</identifier><language>eng</language><publisher>Lexington: Washington & Lee University, School of Law</publisher><subject>Agreements ; Contract law ; Disclosure ; Federal legislation ; Fiduciary responsibility ; Fraud ; Limited liability companies ; Partnerships ; State court decisions ; Trust ; Waivers</subject><ispartof>Washington and Lee law review, 1997-04, Vol.54 (2), p.439</ispartof><rights>Copyright Washington & Lee University, School of Law Spring 1997</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780</link.rule.ids></links><search><creatorcontrib>Hynes, J Dennis</creatorcontrib><title>Freedom of contract, fiduciary duties, and partnerships: The bargain principle and the law of agency</title><title>Washington and Lee law review</title><description>The issue whether to allow waiver of fiduciary duties generates inquiries into root matters of policy, including determining the underlying nature of private business relationships, the weight to be given to personal responsibility for agreements, and the appropriate role of the law in this context. An argument for freedom of contract rests on the bargain principle as reflected in the law of agency when addressing similar issues and on the unique situation of partners, who have bargaining status and many tools available to them for protection from an opportunistic partner. When coupled with a requirement of specificity and a broad view of unconscionability, this argument carries the greater weight.</description><subject>Agreements</subject><subject>Contract law</subject><subject>Disclosure</subject><subject>Federal legislation</subject><subject>Fiduciary responsibility</subject><subject>Fraud</subject><subject>Limited liability companies</subject><subject>Partnerships</subject><subject>State court decisions</subject><subject>Trust</subject><subject>Waivers</subject><issn>0043-0463</issn><issn>1942-6658</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1997</creationdate><recordtype>article</recordtype><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNqNjEFuwjAQAC1EJQLtH1aciWRikwLXqhEPyD1a7A0Ypba7doT4fdOqD-A0hxnNTBTbg67Kut7t56KQUqtS6lotxDKlm5RyV6n3QtiGiWz4gtCDCT4zmryB3tnROOQH2DE7ShtAbyEiZ0-cri6mI7RXgjPyBZ2HyM4bFwf66_JkBrz_LvFC3jxexUuPQ6K3f67EuvlsP05l5PA9UsrdLYzsJ9VVqq602m-1eir6AXVvRrE</recordid><startdate>19970401</startdate><enddate>19970401</enddate><creator>Hynes, J Dennis</creator><general>Washington & Lee University, School of Law</general><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X1</scope><scope>7XB</scope><scope>87Z</scope><scope>8A9</scope><scope>8AO</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>AZQEC</scope><scope>BEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRAZJ</scope><scope>FRNLG</scope><scope>F~G</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>M2O</scope><scope>MBDVC</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope><scope>S0X</scope></search><sort><creationdate>19970401</creationdate><title>Freedom of contract, fiduciary duties, and partnerships: The bargain principle and the law of agency</title><author>Hynes, J Dennis</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-proquest_journals_2362438143</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1997</creationdate><topic>Agreements</topic><topic>Contract law</topic><topic>Disclosure</topic><topic>Federal legislation</topic><topic>Fiduciary responsibility</topic><topic>Fraud</topic><topic>Limited liability companies</topic><topic>Partnerships</topic><topic>State court decisions</topic><topic>Trust</topic><topic>Waivers</topic><toplevel>online_resources</toplevel><creatorcontrib>Hynes, J Dennis</creatorcontrib><collection>ProQuest Central (Corporate)</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Accounting & Tax Database</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Accounting & Tax Database (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>Research Library (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Accounting, Tax & Banking Collection</collection><collection>ProQuest Central Essentials</collection><collection>eLibrary</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Accounting, Tax & Banking Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>Research Library</collection><collection>Research Library (Corporate)</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest Central Basic</collection><collection>SIRS Editorial</collection><jtitle>Washington and Lee law review</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Hynes, J Dennis</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Freedom of contract, fiduciary duties, and partnerships: The bargain principle and the law of agency</atitle><jtitle>Washington and Lee law review</jtitle><date>1997-04-01</date><risdate>1997</risdate><volume>54</volume><issue>2</issue><spage>439</spage><pages>439-</pages><issn>0043-0463</issn><eissn>1942-6658</eissn><abstract>The issue whether to allow waiver of fiduciary duties generates inquiries into root matters of policy, including determining the underlying nature of private business relationships, the weight to be given to personal responsibility for agreements, and the appropriate role of the law in this context. An argument for freedom of contract rests on the bargain principle as reflected in the law of agency when addressing similar issues and on the unique situation of partners, who have bargaining status and many tools available to them for protection from an opportunistic partner. When coupled with a requirement of specificity and a broad view of unconscionability, this argument carries the greater weight.</abstract><cop>Lexington</cop><pub>Washington & Lee University, School of Law</pub></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0043-0463 |
| ispartof | Washington and Lee law review, 1997-04, Vol.54 (2), p.439 |
| issn | 0043-0463 1942-6658 |
| language | eng |
| recordid | cdi_proquest_journals_236243814 |
| source | HeinOnline Law Journal Library |
| subjects | Agreements Contract law Disclosure Federal legislation Fiduciary responsibility Fraud Limited liability companies Partnerships State court decisions Trust Waivers |
| title | Freedom of contract, fiduciary duties, and partnerships: The bargain principle and the law of agency |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-25T15%3A58%3A43IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Freedom%20of%20contract,%20fiduciary%20duties,%20and%20partnerships:%20The%20bargain%20principle%20and%20the%20law%20of%20agency&rft.jtitle=Washington%20and%20Lee%20law%20review&rft.au=Hynes,%20J%20Dennis&rft.date=1997-04-01&rft.volume=54&rft.issue=2&rft.spage=439&rft.pages=439-&rft.issn=0043-0463&rft.eissn=1942-6658&rft_id=info:doi/&rft_dat=%3Cproquest%3E12631990%3C/proquest%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=236243814&rft_id=info:pmid/&rfr_iscdi=true |