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Adopting a relational approach to a contract may be appropriate if the benefits outweigh the challenges. This may happen organically, regardless of how the contract was designed, but there are a number of practices which embody relational intent, and hence can help to bring about a relational contract.
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This guide provides an introduction to relational...
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Procurement - Relational contracting - The Government...
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Community - Relational contracting - The Government Outcomes...
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Toolkit - Relational contracting - The Government Outcomes...
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News - Relational contracting - The Government Outcomes Lab
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Life Chances Fund - Relational contracting - The Government...
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Jul 8, 2019 · Relational contracts are typically long term agreements involving substantial mutual commitment and extensive cooperation and communication between the parties. A finding that a contract is relational: can have significant impact on how the contract is interpreted, making it more difficult to rely on a very narrow, strict construction; and
Crafting a formal relational contract involves five steps: laying the foundation, cocreating a shared vision and objectives, adopting guiding principles, aligning expectations and interests, and ...
May 6, 2021 · While having a vast array of definitions of relational contracting allows for an understanding from different perspectives, on the other hand, it blurs our vision of understanding and makes it difficult to agree on what encompasses a relational project, which is why a systematic review is appropriate in laying open these different perspectives and lays the groundwork for a definition which is ...
- Una Obiose Kriston Nwajei
- 2021
Jul 17, 2023 · A relational view of contracting potentially has many potential implications for the law of contract generally, though Macneil did not specify in great detail what these should be, 100 and this failure has been documented in the literature, 101 and identified as a further weakness of relational contract theory. 102 He did not advocate for special rules that would be applied to a class of ...
Apr 9, 2024 · For really predictable, stable, “product-like” services, a tightly specified transactional contract may be completely appropriate; at the other end of the spectrum, where money is not changing hands but public agencies need to work together to deliver joined-up services to achieve social outcomes together, a contract may not be needed at all, but a set of tools to align organisations ...
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Footnote 17 On this foundation, relational contract theory holds that when the law undertakes to construe and enforce a relational contract, it must take into account the (social, cultural and financial) context of the parties’ bargain as well as its surrounding circumstances, so as to properly comprehend the relationship and give effect to the parties’ intentions.