Contracts¶
Macneil, I. R. (1978). Contracts: Adjustment of Long-Term Economic Relations under Classical, Neoclassical, and Relational Contract Law. Northwestern University Law Review, 72, 854-905.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Suspension
- Emotional carryover and grief: an attachment, expectation, or habit formed in one relational context persists into a new one (a divorce, a redundancy, an empty nest), experienced as grief, and resolved as the held element is renegotiated. Legacy contracts: a fixed-price contract signed in one market continues into a new market in which prices have moved, with friction between held terms and changed environment resolving at renegotiation, breach, or expiry.
This sourceLong-term contracts cannot fix all terms in advance against changing circumstances; relational norms supply adjustment and renegotiation as conditions shift.
- Emotional carryover and grief: an attachment, expectation, or habit formed in one relational context persists into a new one (a divorce, a redundancy, an empty nest), experienced as grief, and resolved as the held element is renegotiated. Legacy contracts: a fixed-price contract signed in one market continues into a new market in which prices have moved, with friction between held terms and changed environment resolving at renegotiation, breach, or expiry.
Verification¶
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