Frydlinger, D., O. Hart, and K. Vitasek. A new approach to contracts: how to build better longtermstrategic

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Frydlinger, D., O. Hart, and K. Vitasek. A new approach to contracts: how to build better longtermstrategic partnerships, Harvard Business Review, September-October 2013, 116-125

1. Describe the concepts of hold-up and shading and explain why traditional contract wouldnot work as expected.

2. Discuss the key characteristics of 'formal relational contract' and explain when thiscontract should be used.

3. Do you think whether the 'formal relational contract' could work in Korea? Defend yourposition.

Posted Date: May 18, 2024 06:04 PM

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Frydlinger, D., O. Hart, and K. Vitasek. A new approach to contracts: how to build better longtermstrategic

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