"relational contracts" is a correct and usable phrase in written English.
Relational contracts refer to agreements between two parties that involves a certain level of trust and commitment. For example, "We signed a relational contract that specified our obligations to each other over the course of the project."
Therefore, from the bilateral governance frame in relational contracts, maintaining contract relations depends on factors other than the rights and interests of both parties.
"Relational Contracts and Organizational Capabilities". Gibbons, Robert, and Rebecca Henderson.
Charles J. Goetz & Robert E. Scott, Principles of Relational Contracts, 67 Va.
The resulting "relational contracts"5 encompass most generic agency relationships, including distributorships, franchises, joint ventures, and employment contracts.
She has also studied sustainable sourcing, relational contracts and supply network design including the role of supply chain intermediaries.
Analysing markets as organisations governed by a network of relational contracts that establish rules for market participants increases our understanding of exchange processes.
Therefore as the relational contract is embedded into social relations, its analytic concept of time naturally becomes social time.
These results suggest that the hold-up risk due to specific investment can often be effectively controlled by relational contracting based on keiretsu sourcing, while accommodating non-contractible design changes may often require vertical integration.
He registered with Wikipedia to clean up an article on his specialist subject – relational contract theory.
Williamson, "The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting" (New York: Free Press, 1985).
When contracting parties adopt relational contracting (RC) as opposed to formal contracting stance, the construction project may achieve good outcomes.
