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Recently in Contract Law Category

Brick tycoon, Alan Hardy, claims that the initial proceedings in the purchase of his £3.6million property were a legally binding contract and that therefore the buyers who withdrew from the purchase owe him damages in compensation, reports the Daily Mail.

In April 2011, Mr and Mrs Griffiths agreed to buy Alan Hardy's mansion in East Sussex and exchange contracts. The surveyor's report of the property was not conducted or therefore seen buy the buyers until after the exchange of contracts had taken place.

Upon reading the report which claimed that the property was suffering from significant damp and rot, the buyers rescinded the contract thereby withdrawing from the purchase of Hardy's property.

Arbitration tribunal rules that government's termination of its contract with e-Borders firm, Raytheon, was unlawful, reports the BBC.

Having signed a nine-year contract with US e-Borders firm, Raytheon, in 2007, the government later deemed the programme a failure and believed there was no way of saving it. Terminating the contract with Raytheon just three years into the contract, Raytheon sought compensation through the arbitration tribunal which settles disputes regarding global contracts.

'Raytheon threatened to sue ministers for £500m, blaming the UK Border Agency for the failings, before the two sides entered into binding arbitration to reach a settlement', reports the BBC.