Default rules in contracts hinder innovation and raise suspicions among parties.
The article discusses how sticking to standard contract terms is often easier than trying to change them. When parties want to change the rules, it can make others suspicious and worried about hidden problems. This can make it hard to make changes, even if they would be better. The researchers found that in many places, people don't change the rules even when they could, which shows how hard it is to break away from the usual way of doing things.