US EditionCommon Thinking Leads To Trusting Contracts
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Common Thinking Leads To Trusting Contracts
New research from the University of Passau highlights the critical role of cognitive alignment between companies in determining whether “good faith” provisions take precedence over detailed regulations in cooperation agreements. Good faith clauses, rooted in Roman law, remain prevalent in legal systems worldwide. These clauses signal that parties trust one another and see no need to micromanage every contractual detail. While this can simplify a…
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