With the rise of automation and artificial intelligence, the companies that will succeed in the future are those who operate under a constant state of innovation. Not just that, they will often need to ensure that they pursue 'open innovation'.
This book explores the contractual basis for innovation, examining the legal challenges raised by contracts to innovate. Offering a dual perspective, it takes an empirical approach to examine how agreements are structured to overcome the inherent uncertainty implicit in innovative activity. It also presents a legal framework for contracts to innovate, based on the duty of loyalty to the contractual network, which could provide guidance to navigate the uncertainty of these relationships.
Pablo Marcello Baquero is a Postdoctoral Research Fellow at HEC Paris.
Hugh Collins is the Vinerian Professor of English Law, All Souls' College Oxford
Photo courtesy of Faculty of Law, University of Oxford.
Christian Joerges was Professor of Law and Society at the Hertie School of Governance in Berlin, and Co-Director of the Centre of European Law and Politics at the University of Bremen.
Gunther Teubner is Professor Emeritus of Private Law and Legal Sociology at the Faculty of Law, Goethe-University Frankfurt am Main, Germany.