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1. www.traverssmith.com › knowledge › knowledgeRelational contracts: what are they and why do they matter?

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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

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2. www.lexology.com › library › detailRelational contracts: what are they and why do they matter?

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   Jul 8, 2019 · Relational contracts: key points. Relational contracts are typically long term agreements involving substantial mutual commitment and extensive cooperation and communication between the parties. A ...

3. golab.bsg.ox.ac.uk › the-basics › relational-contractingRelational contracting - The Government Outcomes Lab

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   Formal relational contracts (or vested contracts), which are ostensibly enforceable in court (though this varies by jurisdiction), were developed in direct response to this issue: they aim to provide legal recourse for a breach of ‘relational’ terms if there's a ‘new sheriff in town’ (see Frydlinger et al. 2021, “Contracting in the New Economy”, p. 201-204).

4. www.lexisnexis.com › en-us › productsWhat is a Relational Contract and How It Benefits - LexisNexis

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   Guiding Principles: A relational contract is a strong base for any business relationship, which is why it always contains many different principles that guide and drive the relationship. Decision-Making Processes : Clouded or mixed decision-making can negatively affect business, which is why relational contracts contain a decision-making process that strictly checks all combined decisions ...

5. farorelaw.co.uk › insights › relational-contractsRelational Contracts – what are they and why do they matter?

   farorelaw.co.uk › insights › relational-contracts

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   Jan 11, 2024 · The finding that the contractual relationship between the Post Office and the sub-postmasters was a relational contract in Bates was vital to establish that the Post Office was subject to duties of good faith, fair dealing, transparency, co-operation and trust and confidence – such as the duty to investigate accounting shortfalls in an even-handed manner and a duty not to terminate or ...

6. hbr.org › 2019 › 09A New Approach to Contracts - Harvard Business Review

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   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 ...

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   What is relational contracting?

   • Fortunately, an alternative – relational contracting – has been well-researched and applied in the private sector. However, there has been less work on its use in grants and contracts involving government or public bodies. A contract, at its most basic level, describes the rules and norms that govern the relationship between two parties.

   Relational contracting - The Government Outcomes Lab

   golab.bsg.ox.ac.uk/the-basics/relational-contracting/

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   How can a relational contract help a relationship?

   • They often undermine the partnerlike relationships and trust needed to cope with external uncertainty. The remedy is to adopt a totally different kind of arrangement: a formal relational contract that creates a flexible framework designed to foster collaboration in complex strategic relationships over the long term.

   A New Approach to Contracts - Harvard Business Review

   hbr.org/2019/09/a-new-approach-to-contracts

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   What is a 'formal relational contract'?

   • And ultimately, in the case of a ‘formal relational contract’, principles would form the basis for judicial intervention, with the courts being asked to interpret whether a particular principle had been breached by a party’s actions.

   Relational contracting - The Government Outcomes Lab

   golab.bsg.ox.ac.uk/the-basics/relational-contracting/

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   How do you create a relational contract?

   • 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 creating systems for staying aligned.

   A New Approach to Contracts - Harvard Business Review

   hbr.org/2019/09/a-new-approach-to-contracts

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   What is'relational contracting'?

   • Stewart Macaulay, one of the first to observe and name ‘relational contracting’ in the mid-twentieth century, famously quoted a contract manager who stated that, “You can settle any dispute if you keep the lawyers and accountants out of it" (Macaulay 1963, p. 61). These ‘relational’ behaviours are present to some degree in all contracts.

   Relational contracting - The Government Outcomes Lab

   golab.bsg.ox.ac.uk/the-basics/relational-contracting/

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   What is a relationship contract?

   • Relational contracts may include “a commitment to shared principles” intended to help the parties navigate uncertainty – for example, a commitment to putting the service user at the heart of all decisions, or a commitment to share risks according to whichever of the parties is best placed to manage them.

   Relational contracting - The Government Outcomes Lab

   golab.bsg.ox.ac.uk/the-basics/relational-contracting/

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8. viewpoint.pwc.com › dt › us33.3 Presenting contract-related assets and liabilities

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   ASC 606-10-45-1. When either party to a contract has performed, an entity shall present the contract in the statement of financial position as a contract asset or a contract liability, depending on the relationship between the entity’s performance and the customer’s payment.