This Q&A considers a scenario where: • there is a business-to-business commercial contract which is not subject to specific industry or sector legislation, rules or practice • the deposit is in relation to the sale of goods • the reference to insolvency, means bankruptcy or liquidation Terms of the contract It will be necessary to check the contract for any express terms concerning the consequences of termination and treatment of the deposit in such circumstances. In analysing a contract, the court will apply an objective test in considering the contract as a whole, not just the relevant clause, and considers the ‘documentary, factual and commercial context’ (Arnold v Britton (at para [15])). See: Contract interpretation—overview. For detailed discussion around contract interpretation, see the following Practice Notes: • Contract interpretation—the guiding principles • Contract interpretation—rules of contract interpretation Where the contract is silent on the treatment of the deposit in the relevant circumstances, the point to consider is whether a