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The Need for a New Approach to the Weaker Party in the Post-Consumer Era
The Need for a New Approach to the Weaker Party in the Post-Consumer Era
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Contemporary contract law finds itself in a phase of profound transformation. The classical premises concerning the equality of parties in commercial dealings - shaped in an era when the model of the undertaking assumed a relatively stable and predictable market structure - are today losing their pertinence. The fiction of contractual balance no longer corresponds to contemporary conditions of commercial activity under which the following phenomena predominate: the concentration of capital, inf…

The Need for a New Approach to the Weaker Party in the Post-Consumer Era (el. knyga) (skaityta knyga) | knygos.lt

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Contemporary contract law finds itself in a phase of profound transformation. The classical premises concerning the equality of parties in commercial dealings - shaped in an era when the model of the undertaking assumed a relatively stable and predictable market structure - are today losing their pertinence. The fiction of contractual balance no longer corresponds to contemporary conditions of commercial activity under which the following phenomena predominate: the concentration of capital, information asymmetry, platformisation and the automation of distribution channels, and the far-reaching subordination of one party to the other in economic, organisational, and technological terms.

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Contemporary contract law finds itself in a phase of profound transformation. The classical premises concerning the equality of parties in commercial dealings - shaped in an era when the model of the undertaking assumed a relatively stable and predictable market structure - are today losing their pertinence. The fiction of contractual balance no longer corresponds to contemporary conditions of commercial activity under which the following phenomena predominate: the concentration of capital, information asymmetry, platformisation and the automation of distribution channels, and the far-reaching subordination of one party to the other in economic, organisational, and technological terms.

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