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Commercial motivations matter — smart parties try to play fair, because they realize they're likely to have to deal with the other side again, and because at so
by dctoedt 8y ago
Commercial motivations matter — smart parties try to play fair, because they realize they're likely to have to deal with the other side again, and because at some point they're likely to need a break themselves, whether from the other side or from some other party.
That's especially true in garden-variety commercial contracts: Suppliers want repeat business, while customers want reliable suppliers who will go the extra mile when necessary, e.g., in a crunch. Neither of those is likely if you get a reputation as uncooperative.
The nut graf of the NPR piece is this: "Business may be a game, Levine realized, but it's not a one-time game. It's more like an infinite game. It's a game in which people have to live with each other, work with each other again, and perhaps, write another big contract. ¶ The only time the words in a contract really matter, Levine says, is when things start to get ugly — like when people start suing each other."