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That's note quite true; the entire framework for those contracts is set (regulated) but the jurisdiction they are in. It's also why companies have lawyers on s
by ska 5y ago
That's note quite true; the entire framework for those contracts is set (regulated) but the jurisdiction they are in. It's also why companies have lawyers on staff and/or retainer.
How much do you think it should cost a couple to form the contract for their marriage? Even a proper review of a contract with that complexity will likely cost a thousand or two, let alone making modifications. Times two, of course, as you would need independent representation.
I imagine that if we actually did this, fairly standard versions would start floating around and drop the costs - but the worst case of this is essentially the status quo with a few hundred in legal fees for review & education. Come to think of it, that wouldn't be terrible as it would reduce the amount of surprise in divorce.
On the other hand, it only really works in one jurisdiction so still problematic.
- jagged-chisel 5y agoRegulation is a different matter. Two companies can work under a non-legal contract for years - until there's a dispute, then the courts get involved and those regulations are enforced. The government is not involved at the time of contract formation, there's not some government representative reviewing the contract. Nor do they enforce contracts (and related regulations) until there's a dispute.