Both sides are obligated to stick to the results of the exchange and not “change their minds” with respect to that exchange. This finality (perpetuity) is the bedrock of free markets and civilization. If you change your mind and you want to bring reality to where it was before the exchange (you want your orange back), you would have to nicely ask for a new voluntary exchange with me (or someone else) under terms that have nothing whatsoever to do with our previous exchange.
And this doesn’t apply to the “slave” contract at all, as it doesn’t end so a new voluntary exchange is obviously impossible.
Moreover, you’re bothered by the “continued” aspect of the contract (exchange), for some reason? Am I not obligated to pay my mortgage, then? 30 years is not chump change, you know. What about life insurance contracts in which premium is paid in perpetuity (until death)? Whether a contract contains default (opt-out) clauses or not has no bearing whatsoever on its validity. Opt-out clauses are a non-issue, btw. Every contract can be bought/sold, or it can become a part of a new contract (exchange) reflecting the dynamically changing subjective valuations (wills, minds) of the agents in the marketplace.
You can opt out of your mortgage and life insurance, so that comparison falls short. Almost every contract has terms on default/termination, it would only be unnecessary where there is a common legal precedent for penalising parties that breach their contracts. The “slave” cannot make a new contract on new terms, he would have no ground to do anything.
Finally, what if the only contracts I find “legitimate” are the ones written in pink (in the same way you limit legitimacy to strictly non-perpetual ones)?
We can take this further, "what if the only contracts I find “legitimate” are the ones entered into without consent, or the ones on uninvolved third parties (assassination contracts and the like)?
If two parties voluntarily agreed to a contract, this obviously implies their conviction (belief) that the same contract can be fulfilled, your convictions (beliefs) notwithstanding. Otherwise, why would they enter it?
It doesn’t imply that both parties believe what they are saying, as one side could be committing fraud. If you and I entered into a contract whereby I sold you a “4 legged triangle” is it valid just because you believe it can be fulfilled? People’s beliefs alone are meaningless.
Moreover, you’re bothered by the “continued” aspect of the contract (exchange), for some reason? Am I not obligated to pay my mortgage, then? 30 years is not chump change, you know. What about life insurance contracts in which premium is paid in perpetuity (until death)? Whether a contract contains default (opt-out) clauses or not has no bearing whatsoever on its validity. Opt-out clauses are a non-issue, btw. Every contract can be bought/sold, or it can become a part of a new contract (exchange) reflecting the dynamically changing subjective valuations (wills, minds) of the agents in the marketplace.
Moreover, you’re bothered by the “continued” aspect of the contract (exchange), for some reason? Am I not obligated to pay my mortgage, then? 30 years is not chump change, you know. What about life insurance contracts in which premium is paid in perpetuity (until death)? Whether a contract contains default (opt-out) clauses or not has no bearing whatsoever on its validity. Opt-out clauses are a non-issue, btw. Every contract can be bought/sold, or it can become a part of a new contract (exchange) reflecting the dynamically changing subjective valuations (wills, minds) of the agents in the marketplace.
Moreover, you’re bothered by the “continued” aspect of the contract (exchange), for some reason? Am I not obligated to pay my mortgage, then? 30 years is not chump change, you know. What about life insurance contracts in which premium is paid in perpetuity (until death)? Whether a contract contains default (opt-out) clauses or not has no bearing whatsoever on its validity. Opt-out clauses are a non-issue, btw. Every contract can be bought/sold, or it can become a part of a new contract (exchange) reflecting the dynamically changing subjective valuations (wills, minds) of the agents in the marketplace.
Moreover, you’re bothered by the “continued” aspect of the contract (exchange), for some reason? Am I not obligated to pay my mortgage, then? 30 years is not chump change, you know. What about life insurance contracts in which premium is paid in perpetuity (until death)? Whether a contract contains default (opt-out) clauses or not has no bearing whatsoever on its validity. Opt-out clauses are a non-issue, btw. Every contract can be bought/sold, or it can become a part of a new contract (exchange) reflecting the dynamically changing subjective valuations (wills, minds) of the agents in the marketplace.