13May
Implied terms: Commercial Court refuses to imply term into a commercial agreement requiring a developer to sell a property within a reasonable time to trigger its obligation to pay a fee
Dentons successfully defended a claim against the developer for non-payment of a US$1.12 million fee. The court decided that an agreement requiring payment only on the sale of a property did not contain an implied term requiring the developer to sell...
By:
Dentons
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