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We have a tendency to pay lip service to clauses in contracts that appear standard for which we routinely see, particularly those who regularly review, and negotiate or even draft contracts. The term boilerplate clause is used to describe a clause which is a clause that appears in the same form across every agreement, draft centrally and...
Read MoreEach party wants their Terms & Conditions (‘T&Cs’) to apply and both send their T&Cs after one another, which creates a problem… whose T&Cs apply? T&Cs can be slotted into a variety of different documents including, purchase orders, quotations, or invoices etc. The parties then begin to perform their obligations under the contract and it’s only...
Read MoreWe've all been there. A business relationship has soured, a supplier keeps letting you down, or you've simply decided it's time to move on. Your instinct might be to fire off a strongly worded email, pack up your things, and consider yourself done. Tempting — but under English law, ending a contract is rarely that
Read MoreDo you know in English law there is no formal definition of what constitutes a contract? It could best be described as a legally binding agreement between at least two parties. There are five elements which must be satisfied for there to be a legally binding contract. 1. Offer.
Read MoreA legally binding contract has four key elements: 1. An offer. 2. Acceptance of the offer. 3. Consideration.
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