“…Negotiations, and therefore contractual arrangements, may differ according to a variety of factors, such as the culture from which the negotiators stem (M. Chen & Nudelman, ; Mintu‐Wimsatt, ; Osman‐Gani & Tan, ; Stefanidis, Banai, & Richter, ; Triandis et al, ; Volkema & Fleury, ; Zarkada‐Fraser & Fraser, ), the nature of the relationships among negotiating partners (Ariño, Reuer, Mayer, & Jané, ; Buvik & Reve, ; Das & Teng, ; Poppo & Zenger, ; Reed, ; Teegen & Doh, ), as well as other individual and personality factors (Foo, Elfenbein, Tan, & Aik, ; Kronzon & Darley, ; Lewicki & Robinson, ; Mintu‐Wimsatt, Garcia, & Calantone, ; Volkema, ). The extent of formality of contractual agreements may vary depending on case specificities (Reuer & Ariño, ).…”