Posts in Breach of the Covenant of Good Faith and Fair Dealing.
Posted in Breach of Contract, Breach of Fiduciary Duty, Breach of the Covenant of Good Faith and Fair Dealing
Considering the rights of parties involved in a soured business relationship, Judge Kaplan reiterated that a binding contract requires an agreement on the material terms and an intent to be bound. A term sheet that does not represent an attempt to formalize an already established agreement is not an enforceable contract.
Justice: Justice Kaplan
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