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Hong Kong
Leading Case
certaintyagreement to negotiatemulti tiered clausesagreement to agree
Hyundai Engineering and Construction Co Ltd v Vigour Ltd
[2005] 3 HKLRD 723 (CA)
Key Principle
A bare agreement to negotiate, or to resolve differences by the parties' managing directors with no defined process, is an unenforceable 'agreement to agree'; an agreement purporting wholly to oust the courts' / arbitral jurisdiction is contrary to public policy.
Area of Law
Contract & Commercial
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