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Inside Internal Controls

News and discussion on implementing risk management

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The pitfalls of unwritten contracts – Part 1

This is not to suggest that written contracts provide perfect inoculation against lawsuits—litigants often misunderstand the obvious; written information may be open to multiple interpretations; and people sue even when they have no case. Two important considerations when making an agreement that you wish to be legally binding and enforceable in a court of law, are:

 

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Ontario’s Court of Appeal affirms principles of contractual interpretation and the standard of review in contractual disputes

On September 10, 2014, the Court of Appeal for Ontario released a decision applying the Supreme Court of Canada’s recent ruling dealing with contractual interpretation and the standard of review for contractual disputes.

 

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