In King Crude Carriers SA & Ors v Ridgebury November LLC & Ors 1, handed down last month, the English Court of Appeal considered the principle in Mackay v Dick & Stevenson 2. The principle, famously ...
Conditions precedent play an important role in contracts and it is often said that a party cannot benefit from its own breach. But in King Crude Carriers SA and others v Ridgebury November LLC and ...
Many agreements contain condition precedent clauses which must be satisfied to trigger other performance obligations in the contract. Generally, a condition precedent is "an act or event, other than a ...
A business of any size runs on agreements -- with suppliers, with employees, with governments and with the public. A contract is an agreement in which two or more parties agree to exchange money, ...
The English Court of Appeal confirmed this in King Crude Carriers SA v Ridgebury November, and the principle has direct relevance to any international commercial contract your company concludes where ...