theories of relational contractsthese are


Theories of relational contracts

These are long-term, non-legal or only incompletely legal agreements. The fact of incomplete foresight is taken into account by leaving gaps in the contract with which future contingencies can be met. Within the framework of general agreement, negotiations take place in the present about modes of proceeding in the future.

 

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Business Law and Ethics: theories of relational contractsthese are
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