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Economics Strategy and Ambiguous Language in Contracts

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What situation in which both parties entering into a contract could benefit from slightly ambiguous language contained in the contract. Provide specific examples to support your response

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I can only give you some basic ideas in crafting of your answer. The question is a difficult one because there are so many variables to consider. It really depends on the industry.

Courts have a tendency to interpret ambiguous language against the issuer.
If there is a certain amount of equality among the partners in a contract, the court will then seek to find the intent of the issuer.
Sophistication of the ...

Solution Summary

The expert examines situations in which both parties enter into a contract could benefit from slightly ambiguous language contained in the contract. Specific examines are provided to support the response.

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