The theory interprets all contractual obligations in terms of property rights,[1][2] viewing a contract as a bundle of title transfers.
According to Randy Barnett, the TTToC stands in opposition to most mainstream contract theories which view contractual obligations as the result of a binding promise.
[3][4][page needed] Proponents of the approach often claim it is superior on grounds of both consistency and ethical considerations.
In such cases provisions should be made in advance for the non-breaching party to be entitled to compensation, in the condition of a failure to provide the agreed upon service.
According to the proponents of the theory, the TTToC ensures ownership of every owned good is well defined at any point in time.