/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.