relational contract

Show Summary Details

Quick Reference

An economic exchange that assumes the characteristics of a social relationship. In many cases, the employment relationship takes the form of a relational contract in that it is long term, open ended, and characterized by a degree of mutual trust and commitment. [See spot contract.]

Subjects: Human Resource Management.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.