Supreme Court case concerning the interpretation of commercial missives for Stewart Milne’s purchase of development land from Aberdeen City Council. The missives contained the following provision for an uplift in the price on the occurrence of certain events: “In addition to the purchase price detailed in Clause 2 hereof, the Purchasers and the Sellers have agreed that the Sellers shall be entitled to a further payment (‘the Profit Share’) upon the Purchasers ...
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The appellant (A) appealed against the decision of the CA that it had not entered into a contract with the respondent (R). Although the parties had intended that a written contract would set out the terms on which the work was to be carried out, work had begun before the terms were finalised. For the purpose of enabling the work to begin, and while continuing to negotiate the full contract terms, the parties had entered into a contract formed by a letter of intent.The Supreme Court restated the ...
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The appellant (A) appealed against the decision of the CA that it had not entered into a contract with the respondent (R). Although the parties had intended that a written contract would set out the terms on which the work was to be carried out, work had begun before the terms were finalised. For the purpose of enabling the work to begin, and while continuing to negotiate the full contract terms, the parties had entered into a contract formed by a letter of intent.The Supreme Court restated the ...
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