Jump to content

Neo-classical contract

From Wikipedia, the free encyclopedia

This is the current revision of this page, as edited by Yobot (talk | contribs) at 13:18, 7 January 2015 (Tagging using AWB (10703)). The present address (URL) is a permanent link to this version.

(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)

A Neo-classical contract is a form of contract, defined by McNeil, describing a contract dependent upon trilateral governance, in which "third party assistance" is used for resolving disputes or evaluating performance.[1] Such contracts form a distinct group, along with classical and relational contracts, in McNeil's system of classification.

References

[edit]
  1. ^ I.R. Macneil, “Contracts: adjustment of long-term economic relations under classical, neoclassical, and relational contract law” (1977) Northwestern University Law Review vol:72 pg:854 .