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Contract theory provides a rich research basis for selecting an appropriate contractual form, with an emphasis on the effects of uncertainty and asymmetric information.
To avoid disputes over ownership rights and relative responsibilities, your start-up company should establish upfront the most appropriate contractual relationships with employees and independent contractors, as well as with the companies and universities with which you'll be partnering.
The EU regulation is undoubtedly already informing how Apple shapes its own contractual arrangements with app developers — such as stating developers must get appropriate consents from users so that it can demonstrate it's taken appropriate contractual steps to safeguard user data.
Referral services should ideally be prioritised for inclusion in the benefit package and appropriate contractual relations are required to facilitate this process.
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If the domain of 'good deeds' was invaded by attitudes appropriate to lending and contractual obligations, Seneca thinks that something of great value would be lost.
There will come a time and place where addressing all of our contractual issues is appropriate".
The obviation of moral hazard and opportunistic behaviour by intermediaries is assured through the design, control and monitoring of appropriate contracts that comprise binding contractual commitments between buyers and sellers.
This calls for the rethinking of contractual relations and providing appropriate incentives (Tommelein 1998).
Several respondents felt that it was important for their hospital purchasing department to review the contractual obligations with the manufacturers and incorporate the appropriate clauses to help ensure that they addressed adequately any performance issues observed with their medical devices.
Contractual exchanges are said to be 'relational' to the extent that they reflect an appropriate balance between discrete and relational norms, thereby creating the conditions for the attainment of the joint welfare-maximising benefits associated with successful contractual relationships in business practice.
To deliver the service successfully there will need to be appropriate teaching and training, ready access to secondary care, sufficient allied healthcare staff, in particular pharmacist and phlebotomist, and contractual agreements which include sufficient funding and resources to cope with the additional workload of providing a new service.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com