The Three and a Half Minute Transaction: Boilerplate and the Limits of Contract Design

"Mitu Gulati and Robert E. Scott have assembled extraordinarily tantalizing evidence that even the most sophisticated contracting parties use contractual provisions that neither side understands, and they continue to use these clauses even when they stand to be interpreted in a mutually disadvantageous way. The book draws the reader in as the authors explore what could possibly be going on in the law firms and investment banks of Wall Street." (J. Mark Ramseyer, Harvard Law School)"