lepingulistel
Lepingulistel is a term used in contract theory and studies of informal governance to describe a form of agreement whose obligations are grounded in social norms and mutual expectations rather than solely in written stipulations or formal enforcement. The concept emphasizes transparency of terms, shared understanding among participants, and mechanisms of reputational sanction as primary means of compliance.
Origin and usage: The term emerged in late 20th-century scholarship addressing how communities coordinate without heavy
Structure and enforcement: In lepingulistel arrangements, key considerations are publicly communicated, renegotiation is possible, and enforcement
Limitations and critique: Critics argue that reliance on social enforcement can create power imbalances or disadvantage
See also: relational contract theory, social norms, informal economy, contract law.