There was an agreement between a site developer and building contractors who introduced a financier to provide money for the development project. The question arose whether the developer had entered into a binding and enforceable contract to employ the contractors to carry out the development work at a price to be agreed.
Held: Since there had been no agreement upon such a fundamental matter as the price in a building contract or the method by which it was to be calculated there was no contract.
[1975] 1 All ER 716, [1975] 1 WLR 297
England and Wales
Cited by:
Cited – Walford v Miles HL 1992
Agreement to Negotiate is Unworkable as a Contract
The buyers and sellers of a company agreed orally for the sellers to deal with the buyers exclusively and to terminate any negotiations between them and any other competing buyer. The sellers later decided not to proceed with their negotiations with . .
Lists of cited by and citing cases may be incomplete.
Updated: 11 August 2021; Ref: scu.653061