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Relational contract theory was originally developed in the United States by the legal scholars Ian Roderick Macneil and Stewart Macaulay. According to Macneil, the theory offered a response to the so-called "The Death of Contract" school’s nihilistic argument that a contract was not a fit subject for study as a whole; each different type of contract (e.g., sales, employment, negotiable ...
A love contract is a legal contract that is meant to limit the liability of an employer whose employees are romantically involved. An employer may choose to require a love contract when a romantic relationship within the company becomes known, in order to indemnify the company in case the employees' romantic relationship fails, primarily so that one party can't bring a sexual harassment ...
In contrast, a Vested agreement creates a win-win relationship in which both parties are equally invested in one another's success. [2] The Vested approach is firmly rooted in relational contract theory, which was originally developed in the United States by the legal scholars Ian Roderick Macneil and Stewart Macaulay. Relational contract ...
A prenuptial agreement, antenuptial agreement, or premarital agreement (commonly referred to as a prenup), is a written contract entered into by a couple before marriage or a civil union that enables them to select and control many of the legal rights they acquire upon marrying, and what happens when their marriage ends by death or divorce.
The Ricardian contract separates the agreement of parties across time and domain. On the left of the "Bowtie" representation, [clarification needed] the negotiation and formation of a legally binding contract leads to a single parent document that defines all of the intent of that agreement. On the right, the performance of that agreement might ...
Some domestic partners may enter into nonmarital relationship contracts in order to agree, either verbally or in writing, to issues involving property ownership, support obligations, and similar issues common to marriage.