Contractual Instruments' Effectiveness in Preventing Business Disputes and Ensuring Business Law Stability

Bilah Samping Artikel

PDF (Inggris)
Diterbitkan: 2021-07-28
Kata Kunci:
Business contracts, Risk management, Law disputes, Contractual clauses, Law protection, Contract design, Law certainty

Isi Artikel Utama

Agung Satryo Wibowo
Sunan Giri University of Surabaya, Indonesia
Dharma Setiawan Negara
Sunan Giri University of Surabaya, Indonesia
Antonino Pedro Marsal
Instituto Boaventura De Timor Leste
Eugenia Brandao Da Silva
Instituto Boaventura De Timor Leste

Abstrak

This research explores the effectiveness of business contract design within a risk management framework, with an emphasis on preventing lawsuits that could harm business entities. Contracts are understood as law tools as well as managerial tools that contain regulations regarding rights, obligations, and settlement mechanisms in the event of a violation. This research uses a literature study approach to explore theories and best practices in drafting protection clauses, such as force majeure, limits of liability, and dispute resolution provisions. The findings show that effective contracts are drafted by considering aspects of legal certainty, flexibility, and suitability for regulatory changes. The role of lawyers in the drafting process proves crucial in strengthening contractual strength. The results of this research confirm that precise contract drafting is an integral part of corporate risk management that is oriented towards legal sustainability and business stability. As such, this research contributes to the understanding of the importance of synergy between law professionals and business policy makers in creating contracts that are resilient to potential conflicts.

Rincian Artikel

Terbitan

Vol 1 No 2 (2021): Journal of Social Science Studies (JOS3)

Bagian

Articles

Cara Mengutip

Wibowo, A. S., Negara, D. S., Marsal, A. P., & Da Silva, E. B. (2021). Contractual Instruments’ Effectiveness in Preventing Business Disputes and Ensuring Business Law Stability. Journal of Social Science Studies, 1(2), 209-214. https://jos3journals.id/index.php/jos3/article/view/125

Referensi

Abwunza, A. A., Peter, T. K., & Muigua, K. (2019). Effectiveness of Arbitration in Contractual Disputes: Tension between Procedural Efficiency and Award Quality. Journal of Legal Affairs and Dispute Resolution in Engineering and Construction, 11(2), 1-33.

Andrews, N. (2016). Interpretation of Written Contracts. Arbitration and Contract Law: Common Law Perspectives, 229-248.

Chakraborty, T., Kumari, R., Mukherjee, A., & Saha, S. (2019). Formal Contract Enforcement and Entrepreneurial Success of the Marginalized. Opportunities and Challenges in Developmant Essays for Sarmila Banerjee, 171-195.

Creswell, J. W. (2007). Qualitative Inquiry and Research Design: Choosing among Five Approaches (2nd ed.). Sage Publications.

DeLong, S. W. (2009). What is a Contract. Social Science Research Network.

Diputra, I. Gst. A. R. (2019). Pelaksanaan Perancangan Kontrak dalam Pembuatan Struktur Kontrak Bisnis. Advances in Computers, 3(3), 495-560.

Farnsworth, E. A. (1990). Contracts. Little, Brown and Company.

Gilson, R. J. (2001). Engineering a Venture Capital Contract. Columbia Law Review, 76(3), 594–641.

Glintić, B. M. (2020). Protection of the Rights of the Weaker Contracting Party in Accordance with the Principles of European Insurance Contract Law. Strani Pravni Zivot, 57-73.

Hillman, R. A. (1996). The Richness of Contract Law: An Analysis and Critique of Contemporary Theories. Kluwer Academic Publishers.

Mitchell, C. (2013). Contract Law and Contract Practice: Bridging the Gap between Legal Reasoning and Commercial Expectation. Bloomsbury Publishing.

Mouzas, S., & Ford, D. (2012). Contracts as a Facilitator of Resource Evolution. Journal of Business Research, 65(9), 1251-1253.

Mulhadi, M., & Sembiring, Z. (2019). Legal Characters of Partnership Agreement 212 Mart. Jurnal Cita Hukum, 7(2), 253-270.

Prisandani, U. Y. (2018). The Significance of Contractual Intention: A Comparative Analysis on English and Indonesian Law. Jurnal Hukum Ius Quia Iustum, 25(3), 494-514.

Punch, K. F. (2005). Introduction to Social Research: Quantitative and Qualitative Approaches (2nd ed.). Sage Publications.

Rajah, V. (2010). Redrawing the Boundaries of Contractual Interpretation - from Text to Context to Pre-text and Beyond. Singapore Academy of Law Journal, 22, 1-35.

Ryan, N. (2020). Contract Enforcement and Productive Efficiency: Evidence from the Bidding and Renegotiation of Power Contracts in India. Econometrica, 88(2), 383-424.

Safnul, D., Kamello, T., Purba, H., & Ikhsan, E. (2020, March 13). Protection of Legal Contracts from Islamic Perspective. In International Coference on Law, Governance and Islamic Society (ICOLGIS 2019) Atlantis Press, 413, 68-70.

Signorotti, C. (2000). Efficiency of Legal Restrictions on Contracts in the Presence of Two Signals. International Review of Law and Economics, 20(4), 511-535.

Suurmond, C. (2018). Business, Contracts, Information. In Business Modeling and Software Design: 8th International Symposium, BMSD 2018. Springer International Publishing.

Yalim, A. N. K. (2019). Interpretation and Gap Filling in International Commercial Contracts. Intersentia.