Law and Social Norms in Contractual Relationships

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Juurikkala , O 2009 , ' Law and Social Norms in Contractual Relationships ' , Helsinki Law Review , vol. 3 , no. 1 , pp. 49-67 . < >

Title: Law and Social Norms in Contractual Relationships
Author: Juurikkala, Oskari
Contributor organization: Institute of International Economic Law
Date: 2009
Language: eng
Belongs to series: Helsinki Law Review
ISSN: 1797-6251
Abstract: Law is important – but not as important as many lawyers believe. Evidence from different countries demonstrates that businessmen rely more on social norms than on legal rights and duties. Sometimes law is even deliberately avoided. Social norms and informal practices can also be enforced through a variety of non-legal sanctions. Law is still relevant, especially in non-continuous relationships and so-called end-game situations. But legal norms are most relevant and efficient when they are well-aligned with social norms.
Subject: 513 Law
Contract Law
Social Norms
Informal Business Practices
Efficiency of Legislation
Peer reviewed: Yes
Usage restriction: openAccess
Self-archived version: publishedVersion

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