relational contracting

Relational contracting is an approach to agreements that emphasizes cooperation and long-term relationships between parties rather than strictly adhering to rigid terms. It focuses on trust, flexibility, and open communication to address issues as they arise. Instead of viewing a contract merely as a set of legal obligations, relational contracting encourages partners to work together to achieve mutual goals. This method is often used in complex projects, like construction or collaborations, where circumstances may change, and strong relationships can lead to better outcomes for everyone involved.