Law being the business. This is a statement from Jon Kihlman, LL.D., who is a partner at Gärde Wesslau Advokatbyrå, a Swedish mid-size law firm. He is specialized in Swedish and International Contract Law, particularly Sales Law, and public procurement. Within his specialties, he works with construction of individual contracts and general terms, negotiations and litigation. He teaches contract law for the business community and within the academy.
This is an extract from Jons’ website:
Most contracts divide values and risks between the parties in an inefficient way. That is especially true for standard term contracts. Almost as a rule, contracts place values and risks with the wrong party, i.e. with the party who has least benefit from the value or for whom the risk is more expensive to bear. The effect is that buyers have to pay unnecessarily high prices while sellers cannot benefit from the extra value that the higher price could give them. In that perspective, it is almost self evident that even a marginal improvement of common, everyday business contracts would generate great surplus value.
His web page is www.avtalsratt.com
You will be hearing more from Jon shortly!