Deal or no deal? At what point during a commercial transaction does an agreement become binding?When do negotiations end and agreements begin?A recent NSW Court of Appeal decision about a prospective tenant withdrawing from negotiations of a proposed lease is a reminder of the need for parties to clearly communicate at the outset that they do not intend to be legally bound by any negotiations.Whilst this is a case involving the negotiation of terms of a lease, it is equally applicable to all commercial negotiations.
This resource is only available to our paid members. You can Join Us or Sign in to get access to this resource.