Mistake
Oops I did it again – can a mistake render a contract void?
08 June 2018 - Jason Rix
In Triple Seven v Azman the court found that although the parties had entered into aircraft leasing contracts on the basis of a common assumption, which turned out to be wrong, the mistake was not sufficiently fundamental to render the contracts void. Even if it had been, the parties had allocated that risk. Nigerian airline Azman › Read More
04 July 2017 - Jason Rix
In Astex Therapeutics v AstraZeneca, AstraZeneca were able to recover USD 2m by way of restitution of enrichment for two milestone payments made to Astex by mistake under a collaboration agreement. Astex and AstraZeneca entered into an agreement to develop a BACE inhibitor for treatment of Alzheimer’s disease. After expiry of the collaboration term, the › Read More
Can we have our money back please, Mister? Payment by mistake
04 November 2016 - Rainer Evers
The Court of Appeal has looked at payment by mistake. In Graham Leslie v Farrar Construction,Mr Leslie agreed to acquire building sites. He would pay Mr Farrar the “build costs” of developments on those sites, and the parties would split the subsequent sale proceeds 50:50. For a while, all went well. Mr Farrar sent Mr › Read More