This course explores some of the live issues in today’s law of commercial contracting, which have significant implications not just for legal practice but for our economy and society more broadly. We will situate each issue by providing a refresher on the relevant legal framework, consider opposing views in the case law and legal commentary, and reflect on the likely path of the law’s development and its broader implications. Examples of the types of issues we may consider include:
- Contractual modification, including current controversies about the requirement of consideration and the enforceability of no-oral-modification clauses.
- Duties of good faith in contractual performance, including controls on termination rights and the exercise of contractual discretion. • Risk allocation in contracts, including developments in the law of frustration, force majeure and exception clauses.
- Interpretation of contracts—the current state of play in this constantly evolving field.
- Exclusion clauses, including basis or no-reliance clauses and the emerging doctrine of contractual estoppel.
- Assignment of contractual rights, the permissibility of bars on assignment and their implications for receivables financing.
- Agency law, especially issues arising for those seeking to contract with or on behalf of companies.
Lecturers: Dr Nick Sage and Dr Paul MacMahon