Spencer Williams on Contracts as Systems

Spencer Williams, associate professor of law at Golden Gate University, joins the Business Scholarship Podcast to discuss his article Contracts as Systems. In this article, Williams considers complex-systems theory, which has its origins in fields like engineering, computer science, ecology, and economics, and extends it to contracts. In doing so he adds to a literature challenging reductionist interpretation of contract terms and offers a new account of contractual complexity that turns on interactions between individual contract terms.