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optionsprice and paymentjoint venture
Foxton J in Rolls-Royce Holdings v Goodrich
[2023] EWHC 1637 (Comm)
Key Principle
On the construction of complex commercial joint-venture and option agreements, the validity of a notice exercising a call option and the existence of exclusivity/pricing obligations are determined by the objective meaning of the words in their factual matrix; a party may recover as a debt (or alternatively as damages) the difference between sums actually paid and the contractually correct world-list price.
Area of Law
General
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