X
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 | | Return|
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
Source Url: https://www.jdsupra.com/legalnews/implied-terms-commercial-court-refuses-39946/

Related

Committee on Foreign Investment in the U.S. Issues Final Regulations Implementing 2018 Statutory Overhaul

On January 13, 2020, the Treasury Department-chaired inter-agency Committee on Foreign Investment in...

Read More >

Compensation and Benefits Insights – January 2020

On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “S...

Read More >

What’s the Deal? – Special Purpose Acquisition Companies

What’s the Deal? Special purpose acquisition companies (“SPACs”), commonly referred to as “blan...

Read More >

U.S. Treasury Changes 401(k) and 403(b) Hardship Withdrawal Rules

The U. S. Department of the Treasury recently issued final regulations governing hardship distributi...

Read More >

UK Supreme Court Examines Restrictive Covenants First Time in 100 Years: A New Test for Severance

In the case of Tillman v Egon Zehnder [2019] UKSC 32, the UK Supreme Court, for the first time in ov...

Read More >

U.S. Antitrust Agencies Suspend Early Termination of Merger Review Waiting Periods

Today, the U.S. antitrust agencies announced a temporary suspension of the long-time practice of gra...

Read More >