New research by University of Utah S.J. Quinney College of Law Professor Cathy Hwang is featured in Jotwell: The Journal of Things We Like (Lots).
The journal aims to fill a gap in legal scholarship by creating a space where legal academics can go to identify, celebrate, and discuss the best new scholarship relevant to the law.
Hwang’s research, Deal Momentum, explores the role of non-binding agreements in sophisticated, high-value business deals. It will be published in 2018 in the UCLA Law Review.
Professor Cathy Hwang
“Parties often use term sheets and letters of intent in deals. These agreements aren’t binding, but parties behave as though they are. Deal Momentum provides an account of how parties use these agreements to carry momentum forward in a deal. The article uses original interviews with deal lawyers to shed light on a little-understood but important bit of contract theory,” said Hwang, describing her research. “This is part of a larger research agenda about the boundaries of dealmaking which has important implications for contract design, enforcement and regulation.”
Hwang received her J.D. from the University of Chicago Law School and joined the S.J. Quinney faculty in 2016. Prior to joining the faculty, she was the academic fellow at Stanford University’s Rock Center for Corporate Governance, where she is remains affiliated as a non-resident fellow.
Her work has been published by the University of Pennsylvania Law Review and the Northwestern University Law Review.