Contract Quote by Frederick Pollock
“The oldest theory of contract is I think negative.”
About This Quote
Source Legal Treatise: An Introduction to the Study of Law, 1908
The earliest contract theory is negative, suggesting that agreements arise from the avoidance of loss rather than the pursuit of gain.
In simple terms: Contracts start from avoiding harm.
Key Takeaway
Consider risk reduction in agreements.
Themes
law
economics
psychology
Mood
analytical
critical
Type
legal
philosophical
When to use this quote
- business negotiations
- legal drafting
- personal agreements
Key Concepts
contract theory
negative framing
risk management
Questions to Reflect On
- Do you focus on preventing loss or creating value?
- How does this perspective affect trust?
A Different Perspective
Risk avoidance may overlook opportunities for mutual benefit.
