It is widely but incorrectly believed that commercially sophisticated parties are free to make whatever contracts they choose. Contracts contain a “procedural” part and a “substantive” part. The ...

The Law School held its annual Coase Lecture on February 10, drawing students, faculty, and other guests into a packed auditorium for a tradition that began in 1992. This year’s lecture, titled, “What ...

For some years now, Professor Avery Katz has taught first-year contracts from a client-centered perspective that emphasizes how the rules of contract law can be used to promote the purposes of ...

Brian Jackson/Sun-Times Media Rahm Emanuel: The authority on contracts. After reading the Tribune‘s postelection editorial in which they expressed their orgasmic joy over Bruce Rauner’s gubernatorial ...