The Intention Economy

20

The Law in Our Own Hands

Companies will have to litigate where people live, instead of people litigating where companies live.

—Renee Lloyd¹

THE ARGUMENT

Freedom of contract is best for all parties. For maximized economic and social benefits, restoring freedom of contract should be a high-priority goal of reform in practice and law.

To fully grok what we’ll be talking about in this chapter, you need to be familiar with the case we make in chapter 4, where we explore freedom of contract and its long absence from dealings between vendors and customers, or what in business they call B2C (business to consumer).

Freedom of contract says anybody is free to make agreements with anybody else: essentially to form laws unto themselves. A fun ...