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Rainy Sky SA and others v Kookmin Bank [1] is an English contract law case concerning interpretation of contracts.The Supreme Court confirmed the principle laid down in Wickman v Schuler that, if the words of a contract have ambiguous meanings, the court will interpret it in a manner that most accords with "business common sense".
Interpreting contracts in English law is an area of English contract law, which concerns how the courts decide what an agreement means. It is settled law that the process is based on the objective view of a reasonable person , given the context in which the contracting parties made their agreement.
Construction, interpretation, context Investors Compensation Scheme Ltd. v West Bromwich Building Society [1997] UKHL 28 is a frequently-cited English contract law case which laid down that a contextual approach must be taken to the interpretation of contracts .
As Innes J put it in Joubert v Enslin, [3] "The golden rule applicable to the interpretation of all contracts is to ascertain and to follow the intention of the parties." [ 4 ] There is a paradox, however, in that the subjective intentions of the parties must be established with reference to certain objective factors, [ 5 ] the most obvious ...
In his presentation, Five Criteria For a Successful Business Plan in Biotech, Dr. Roger Bernier, uses Dilbert comic strips to remind people what not to do when researching and writing a business plan for a biotech start-up. [17] The "Gnomes" episode satirizes the business plans of the Dot-com era.
The four corners doctrine is similar to the parol evidence rule, which prohibits a contracting party from introducing evidence separate from the contract that would modify the contract in contravention of its written terms. [2] However, the Four Corners Doctrine prohibits a party from introducing evidence to interpret an unambiguous term.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Contract_interpretation_in_English_law&oldid=283594173"
Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.
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