Contract formation – beware the pitfalls
Recorded on: 24/04/2023
The principles of contract formation are well known but parties still regularly find themselves forming a contract inadvertently following informal communications or resulting from their conduct. In this webinar, the long-established principles will be examined via a series of recent cases.
Topics will include:
Basic principles
- Offer
- Acceptance
- Consideration
- Intention to create legal relations
Subject to contract
- When should this phrase be used and what is its effect in practice?
- Joanne Properties v Moneything [2020] EWCA Civ 1541
- What other alternatives are available?
- How does this issue apply to Heads of Terms, Heads of Agreement, Letters of Intent and Memoranda of Understanding?
Agreements to agree
- Lack of agreement over essential terms
- Cooper v Dnata Catering [2022] EWHC 2216 (Comm)
Battle of the forms
- Last shot always wins – or does it?
- TRW v Panasonic [2021] EWHC 19 (TCC)
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