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Relational contract information


A relational contract is a contract whose effect is based upon a relationship of trust between the parties. The explicit terms of a relational contract are an outline: implicit terms and understandings that determine the behaviour of the parties. Relational contract theory was originally developed in the United States by the legal scholars Ian Roderick Macneil and Stewart Macaulay. Richard Austen-Baker has more recently proposed a developed version of relational contract theory, called "comprehensive contract theory".

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Relational contract

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relational contract is a contract whose effect is based upon a relationship of trust between the parties. The explicit terms of a relational contract...

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Contract management

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United States United Nations Convention on Contracts for the International Sale of Goods Relational contract Risk management § Contractual risk management...

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Relational

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important constituencies Relational contract, a contract whose effect is based upon a relationship of trust between the parties Relational goods, goods that...

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Contract

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of contract. Attempts at understanding the overarching purpose and nature of contracting as a phenomenon have been made, notably relational contract theory...

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Psychological contract

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psychological contracts that aim to keep people working for extrinsic reasons and maintain the status quo. Relational psychological contract: stresses the...

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Ian Roderick Macneil

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Neoclassical, and Relational Contract Law",: 854  and in his monograph The New Social Contract. He wrote more on relational contracts after 1980, mainly...

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Vested outsourcing

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outsourcing is a hybrid business model in which contracting parties create a formal relational contract using shared values and goals and outcome-based...

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British Post Office scandal

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of good faith because a relational contract existed. The Post Office relied entirely on the actual wording in the contracts which stated: The Operator...

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New Engineering Contract

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communications, deleted work and paying for correcting defects. Gerrard, R., Relational Contracts - NEC in Perspective, Lean Construction Journal, vol 2, #1, April...

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Procurement

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generally a formal, longer-term supplier agreement that combines a relational contracting model with an output-based economic model. It seeks to drive supplier...

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Governing body

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outsourcing relationships, governance frameworks are built into relational contracts that foster long-term collaboration and innovation. A board of governors...

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Commonwealth Bank of Australia v Barker

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is an example of a relational contract, based upon a relationship of trust between the parties. The explicit terms of the contract are just an outline...

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Outsourcing

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New York: Palgrave Macmillan. ISBN 978-0-230-11268-1. Also see relational contract "Outsourcing exposes firms to fraud". BBC.co.uk. June 16, 2005. J...

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Deception

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between some romantic and relational partners. Deceit and dishonesty can also form grounds for civil litigation in tort, or contract law (where it is known...

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Smart contract

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called a smart contract, which is similar to the concept of stored procedure in classical relational databases to some extent. Smart contracts allow the shared...

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Kate Vitasek

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outsourcing business model, sourcing business model theory, the relational contract, and collaborative win-win business relationships. Before joining...

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Project delivery method

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Retrieved 2008-11-13. "Integrated Project Delivery - An Example Of Relational Contracting". Lean Construction Institute Nov. 18, 2004. Archived from the original...

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MySQL

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MySQL (/ˌmaɪˌɛsˌkjuːˈɛl/) is an open-source relational database management system (RDBMS). Its name is a combination of "My", the name of co-founder Michael...

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Integrated project delivery

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formal, legal structure created to realize a specific project; and relational contracts, which are similar to Project Alliances in that a virtual organization...

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Transaction cost

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(1985). The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting. Preview to p. 25. Archived 2016-03-03 at the Wayback Machine New...

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Lean construction

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Gregory A. (April 2005). "Integrated Project Delivery An Example Of Relational Contracting" (PDF). Lean Construction. 2 (1): 46–61. ISSN 1555-1369. Retrieved...

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Database design

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that the relational model is so called because of the stating of relationships between data elements therein. This is not true. The relational model is...

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Employment contract in English law

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contract of employment with commercial contracts. One possible way of describing a contract of employment in modern terms is as a relational contract...

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Conflict resolution

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Simon; McMillan, John; Woodruff, Christopher (2002). "Courts and Relational Contracts". The Journal of Law, Economics, and Organization. 18 (1): 221–277...

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Partnership

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partnership agreements. It has, in particular, shown the role of contracts and relational mechanisms to organize business partnerships. Partnerships present...

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