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Law and morality: unwinding contracts for lawful but unethical conduct

  • RPC
  • -
  • United Kingdom
  • -
  • April 17 2012

A recent case shows how - even in the cut and thrust of commercial dealings - lawful but illegitimate conduct may in certain circumstances render an underlying agreement voidable

Liquidated damages clause held enforceable where it reflected "a fair commercial deal"

  • RPC
  • -
  • United Kingdom
  • -
  • October 15 2010

Liquidated damages clauses enable the parties to a contract to fix in advance a sum of money to be paid by the defaulting party to the innocent party in the event of a breach