What is a contract?

Applied Philosophy

Dear Reader,

A contract is a written document or other instrument of shared meaning that sets out the terms as well as the conditions, or the scope of those terms, on behalf of any agreement between one or more stakeholders over time.

It seeks to protect the necessary trade of prudential value between stakeholders by setting out a clear and transparent set of expectations and therefore boundaries in order to pre-empt conflict. Any failure to uphold expectations opens the door to liability.

Each stakeholder commits to an equal trade of moral value with the contract by signing it in a way that they wish to be represented publicly and in doing so, demonstrate their relationship to it at that moment in time. The contract then becomes an instrument of governance which itself can be traded insofar as there is continued public trust in the integrity of the underwriting institutions.

This explains the importance of literacy for free, fair, and open societies. Societies that have learned to settle their internal political differences through the written word will keep their institutions and indeed flourish.

 

Faithfully yours,

Dr Sasha Kanthan
Professional facilitator
On Foundations of Healing 🌤️

PS. This philosophical letter is dedicated to Stephen Frick, the founder of WavePoint.co ⧉ – a stellar digital design consultancy based in Los Angeles in the United States. Thank you for the incredible skill, passion, and integrity you have demonstrated in salvaging my website and bringing it to life 🏆

Discover the keys to personal and professional success with the team at SashaKanthan.com 🇦🇺