29
Mar
Property development: all reasonable endeavours; good faith and mutual benefit obligations
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Comments
The High Court in Brooke Homes (Bicester) Ltd v Portfolio Property Partners Ltd [2021] EWHC 3015 provided guidance on what is meant by ‘all reasonable endeavours’, ‘good faith’ and ‘mutual benefit’. The decision of the High Court is a reminder that parties should fully understand the extent of their contractual obligations and the consequences of failing to comply with these clauses in an agreement. Case Summary In...
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