Clear contracts
13 September 2012
It is essential to be precise when drawing up a contract. Peter Marsh and Frank Griffiths highlight two very different cases where firms were caught out by a lack of detail
When parties to a contract find themselves in court it is often because, at the time of entering into the contract, they failed to state clear procedures in certain eventualities, or they did so in a way that did not make clear the intentions of at least one of the parties. This could be because participants, feeling the optimism of closing the deal, are reluctant...