Albert Choi

Strategic Vagueness in Contract Design: The Case of Corporate Acquisitions

119 Yale L.J. 848 (2010).  The unprecedented and unanticipated economic and financial shocks of the past couple of years have led parties to look for contractual escapes from deals. As the current crisis works its way through our economic system, however, attention will be shifted from the collapsed deals to the design of future transactions. The vague language of past...