ABSTRACT

To fully understand the contract, the party needs to gather in the terms. This chapter looks at the issues a court will consider in determining if a statement is a representation or a contract term. The goal is to discover what the parties meant when they reached their agreement, and for this section our concern is to work out when the contract term was meant to run out. The chapter also considers those contracts where the parties have agreed that notice can be given to exit. For ease of reference, printouts should be kept of all e-mails. The chapter explores what does the contract say about the duration of the contract; whether it is still in force. Most contracts are not written down in a formal document, which remains unchanged over time. To be able to ascertain exactly what the parties agreed to, the precise contract terms will need to be found.