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Absence of Formality in Toy Distribution Contract Leads Straight to Court

Another case where a contract was not formally entered into.  It never ceases to amaze me how businesses are still content to use their ‘word as their bond’.  This is all too Arthur Daley (an infamous car dealer from
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Developer Tripped Up In £6.8 Million ‘Subject To Contract’ Row

Subject to contract is self explanatory. It layman’s terms, it simply means no contract is yet agreed! The developer below found this out at their peril. In my many years as a commercial solicitor, I have come across many
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Wine Bar Meeting Did Not Result In Binding Contract, Court Rules

It is common for ‘heads of terms’ to be agreed in relation to a contract. This is where the parties discuss what they want from the deal and agree each others respective requests. For example, I want to enter
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MLA 2017 18 Shortlisted 2