Contrary Agreement Definition

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Other less interesting parts of the agreement also pushed the court to conclude, and the landowner lost. The court dismissed the appeal and ruled in favour of Royal Mail, holding that the wording of the clause in question should objectively mean that `the parties intended that the contract would not take effect as it was concluded with the agent to conclude an agreement to the contrary under Article 36c(1)`. The High Court Fall Royal Mail Estates Limited against Maple Teesdale Borzou Chaharsough Shirazi recently had to consider the interpretation of an agreement to the contrary. In this case, Kensington Gateway Holdings Ltd (the « Company ») stated that it was entering into a contract with Royal Mail Estates Limited (« Royal Mail ») for the sale and purchase of real estate. As part of the deal, Royal Mail agreed to sell property for £20 million. The buyer was defined in the contract as the company. This set of rags found its way into the canon of derivatives…