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Từ vựng:

nexus of contract (theory)

Giải nghĩa:

/ˈneksəs əv ˈkɑntrækt (ˈθiəri)/ – Phrase


Definition: Lý thuyết về mối liên kết hợp đồng.

A more thorough explanation: the theory that corporations are simply collections of contracts between different parties (shareholders, directors, employees, suppliers, and customers)

Example: The company’s structure is founded on the basis of a nexus of contracts which governs the rights and obligations of the parties’ contractual relations under the umbrella of a company.

 

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