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Concept information

... > social science subjects > business and management > entrepreneurship > new venture management > legal issues in entrepreneurship > contracts and trust

Terme préférentiel

contracts and trust  

Définition(s)

  • For new ventures, formal contacts are used as a means to impose control on an environment characterized by unpredictable actors and risky interdependence. From the employment relationships of key team members to questions of how control is shared between founders and investors, contracts are used to formalize parties' expectations and undergird those expectations with the force of legal sanctions. [Source: Encyclopedia of New Venture Management; Contracts and Trust]

Concept(s) générique(s)

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URI

http://data.loterre.fr/ark:/67375/N9J-VBWNG89G-N

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