Talk:Relational contract
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Big Problems Here
editI have some major issues with this article. I am a reasonably well-known scholar in this field and I would not accept, nor do I think that other recognized relational contract scholars would accept the definition as a contract which derives its enforceability from internal pressures rather than external. Relational contract theory holds that all contracts are relational, but vary in degree on a spectrum or axis from almost-discrete (e.g., a spot purchase) to highly-relational (e.g., an employment contract). They are all enforceable in the courts and all are also held together by mutual interests. The degree to which one expects co-operation, unspoken assumptions, gradual change in commitments and so forth varies according to where on the axis a particular relation falls.
Bearing in mind the above, it is also impossible to approve a list of "examples of relational contracts", since all contracts are relational to some extent and all are transactional to some extent also.
I'll look at this page a few times over the next couple of weeks to see whether this comment generates discussion. If not, I will go ahead and make significant changes to the article itself.Halsbury (talk) 16:17, 16 March 2012 (UTC)