Události

Professor Hart will speak about the "formal relational contracts" that differ from that traditional contracts as they are designed to foster trust and collaboration among the parties. As real-life examples show, this new method of agreeing contracts might be successfully applied to build long-term complicated relationships like strategic alliances, joint ventures, franchises, public-private partnerships, major construction projects, and collective bargaining agreements. Unlike traditional contracts, formal relational contracts set up a relationship where the parties search for a mutually beneficial solution or a way to achieve their goals.