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

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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 ...

3. www.lexology.com › library › detailRelational 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 ...

4. 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).

5. en.wikipedia.org › wiki › Relational_contractRelational contract - Wikipedia

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   Relational contract theory was originally developed in the United States by the legal scholars Ian Roderick Macneil and Stewart Macaulay. According to Macneil, the theory offered a response to the so-called "The Death of Contract" school’s nihilistic argument that a contract was not a fit subject for study as a whole; each different type of contract (e.g., sales, employment, negotiable ...

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

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   Specific terms and conditions: Offering transparency and legally binding, relational contracts contain some specific terms and conditions to be followed by both parties. Mutual dependency : Having a relational contract with a partner or client sets you in a position where the success of one party is linked to the other, creating a team mentality.

7. People also ask

   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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   What are the explicit terms of a relational contract?

   • The explicit terms of a relational contract are an outline of the terms and understandings that determine the behavior of the parties. Relational contract theory was originally developed in the United States by the legal scholars Ian Roderick Macneil and Stewart Macaulay.

   Relational contract - Wikipedia

   en.wikipedia.org/wiki/relational_contract

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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 '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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   What is the theory of relational contracts?

   • The theory of relational contracts is characterized by a view of contracts as relations rather than as discrete transactions. According to Macneil, this perspective treats contracts as involving a wider social and economic context, even for a simple transaction.

   Relational contract - Wikipedia

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   What are the benefits of a relational approach to contracting?

   • Flexibility during delivery is a key benefit of a relational approach to contracting. This often requires a loose and adaptable specification of what exactly is to be provided. However, the end outcomes desired, and how these will be verified, should be made absolutely clear in the contract, so that all parties pull in the same direction.

   Relational contracting - The Government Outcomes Lab

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

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8. www.worldcc.com › Portals › IACCMUNPACKING RELATIONAL CONTRACTING - WorldCC

   www.worldcc.com › Portals › IACCM

   Oct 11, 2016 · relational contracts also explicitly describe joint governance processes within which the parties can work together to deal with risk and uncertainty. There is an undeniable and growing amount of research showing how and when relational contracts out-conventional transactional contracts perform in terms of cost advantages, time,