Scandinavian Contract Theory

Scandinavian Contract Theory is a perspective on understanding contracts that emphasizes the role of trust, mutual respect, and cooperation between parties. It suggests that contracts are not just legal documents but also social agreements. Developed in Nordic countries, this theory values broader social contexts and relationships over rigid rules. It recognizes that parties often rely on informal norms and mutual understanding to fulfill contractual obligations, fostering collaboration. Overall, Scandinavian Contract Theory encourages a more flexible, relationship-oriented approach to contracts, aiming for long-term partnerships rather than strict adherence to legal language.