Legal Terms Mutual Agreement

640), even someone who prefers to take what he can without remuneration may opt for a peaceful exchange if he is “confronted with a power that corresponds to his own” or if he deems it “wise to do so for future exchange opportunities that might otherwise be threatened.” Indeed, the interest in exploiting the potential benefits of trade outside one`s own Community can be seen as an essential driver in the development of a normative and legal order that goes beyond traditional Community boundaries. As Weber (1978, p. 637) says: “The market is a relationship that goes beyond the boundaries of the neighborhood, the kinship group, or the tribe. Markets are an example of a paradigm of a self-generating or spontaneous social order (Hayek 1973, p.