Articles On Important Business Law & Commercial Litigation Developments

option contract

When is an Option validly exercised?

By | Contract

Options are common in relation to the acquisition of land, new leases, shares, intellectual property rights and the grant of other property and contractual rights. However the exercise of an option can easily fail, as…

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defined terms

How to interpret a contract when the use of a defined term does not make sense?

By | Contract | No Comments

Contracts generally contain a ‘definitions’ clause setting out defined terms which are used repeatedly in the contract. Often the definitions clause will provide that the defined terms shall apply ‘unless the context otherwise provides’.  This…

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