Agreement To Agree Not Enforceable

In the alternative, it argued that the delivery date was objectively reasonable, having regard to the respondent`s obligation to determine whether this was not agreed. The judgment confirms that agreements can be binding if the lack of details for the operation of the contract is not so important that the subject matter is not easy to determine and the parties wanted to establish legal relations despite the lack of security. There are several key findings for anyone who wishes to ensure that their consent to approval will be enforceable in the future. Therefore, remember that, notwithstanding the above, it is common for the parties – especially the commercial parties – to conduct lengthy negotiations before reaching an agreement between them. These negotiations may even involve exchanging or signing documents…

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