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Exploring an alleged verbal share option agreement made on a yacht (Wright v Rowland and another)

Published on: 03 November 2017
Published by: LexisPSL
  • 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?

Article summary

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. or take a trial to read the full analysis.

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