I do like the idea theoretically as a deterrent against bad actors abusing the law to bully weaker parties - but the difficult part is in the details of implementation: how do you separate intent to abuse from incompetence?
Also confusing the mix here is who you are punishing when violations are found - is it the attorneys drafting the agreement? They're as likely to be unaffiliated with the company executing the contract as not, not everyone bothers with in-house counsel. Is it the company leadership forwarding the contract?
What's the scope of the punishment? An embargo on all new legal agreements for a period of time, or only with the parties to the bad contract? A requirement for change in legal representation? Now we get into overreach questions on the punishment side.
All of that to say I am guessing the reason something like this doesn't exist yet afaik is because it's a logistical nightmare to actually put into practice.
The closest I can think of to something that might work is like a credit score/rating for companies for "contract integrity" or something that goes down with negative rulings - but what 3rd party would own that? Even just the thought experiment spawns too many subqueries to resolve simply.
None of that contradicts the fact it's a good idea - just not sure if even possible to bring to life!
Also confusing the mix here is who you are punishing when violations are found - is it the attorneys drafting the agreement? They're as likely to be unaffiliated with the company executing the contract as not, not everyone bothers with in-house counsel. Is it the company leadership forwarding the contract?
What's the scope of the punishment? An embargo on all new legal agreements for a period of time, or only with the parties to the bad contract? A requirement for change in legal representation? Now we get into overreach questions on the punishment side.
All of that to say I am guessing the reason something like this doesn't exist yet afaik is because it's a logistical nightmare to actually put into practice.
The closest I can think of to something that might work is like a credit score/rating for companies for "contract integrity" or something that goes down with negative rulings - but what 3rd party would own that? Even just the thought experiment spawns too many subqueries to resolve simply.
None of that contradicts the fact it's a good idea - just not sure if even possible to bring to life!