Archive | Contracts

03 May 2012 ~ 0 Comments

Agreement to agree did not amount to a binding contract

It is not unusual for people to sign agreements without being fully aware of how legally binding the document actually is and how much protection it gives them.
This can prove costly, as shown in a recent case before the High Court.
It involved two businessmen, Karim Dhanani and Serge Crasnianski, who discussed setting up a private [...]

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12 March 2012 ~ 0 Comments

Delay proves costly for company seeking damages

Timing can be crucial when taking legal action, as one company recently found to its cost.
The company had hired a firm of builders to carry out some roofing and cladding works at a new factory. A contract was agreed which stated that in the event of a dispute, no action could be taken after the expiry [...]

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12 August 2011 ~ 0 Comments

Unfair Contract Terms

A recent High Court decision has implications for businesses that impose minimum contract terms and early termination charges on consumers. The court found that certain standard terms in a company’s gym membership contracts were unfair and contravened consumer protection legislation.
The offending terms imposed minimum membership periods on members and early termination charges, which required [...]

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02 August 2011 ~ 0 Comments

Contract terms means English company must apply Indian law

Companies entering into contracts with businesses abroad need to take care over the small print if they want any future disputes to be settled under UK law.
Failure to do so could prove costly, as one UK company recently discovered.
The company entered into an agreement with an Indian supplier to provide it with condoms to be [...]

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01 February 2011 ~ 0 Comments

Contracts must consider all eventualities

It’s important to consider all reasonable eventualities when drawing up a contract.
Failure to do so can prove costly as a building firm discovered in a recent case before the Court of Appeal.
The firm had joined forces with another contractor to set up a residential development company which bought land on their behalf. The builder and [...]

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