- Exploring an alleged verbal share option agreement made on a yacht (Wright v Rowland and another)
- Original news
- What was this case about?
- What approach did the judge take to the legal principles of contract formation?
- What approach did the judge take in order to ascertain the terms of the contract in the absence of supporting documentation and witness reliability?
- What did the judge decide in terms of the contractual claim and the quantum meruit claim?
- What are the practical implications of the judgment? What should practitioners be mindful of when advising in this area?
- How does this case fit in with other developments in this area of the law? Do you have any predictions for future developments in this area?
Commercial analysis: Simon Winter, partner at Charles Fussell & Co LLP, examines the background to the Wright v Rowland case involving a contractual and a quantum meruit claim. He also assesses the practical implications of the judgment which provides a stark reminder that any commercial party involved in a dispute over an agreement which isn’t committed to writing is facing an uphill struggle.
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