hold-up problem

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Can automation solve the hold-up problem in contracts?

on July 20, 2021

A hold-up problem in contracts is the situation where after one party has made some relationship-specific investment, the counterparty refuses to fulfil the original terms of the contract asking for better conditions. 

Reading time: 4 minutes. Photo by Kai Pilger on Unsplash.

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traktiCan automation solve the hold-up problem in contracts?