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McMeel on the Construction of Contracts: Interpretation, Implication and Rectification , 3rd Edition

McMeel on the Construction of Contracts: Interpretation, Implication and Rectification , 3rd Edition

  • 作者:
  • 出版商: Oxford University Press
  • ISBN: 9780198755166
  • 出版时间 October 2017
  • 规格: Hardback
  • 适应领域: U.K. ? 免责申明:
    Countri(es) stated herein are used as reference only

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    Now in its third edition, this authoritative work on the construction of contracts is an invaluable resource for legal practitioners and academics seeking to understand the legal principles involved in contract interpretation as well as the current trends in the neighbouring topics of implied terms and rectification.

    The third edition continues its principle-by-principle coverage of the main elements of contractual construction with reference to recent case law. Recent major construction of contract cases are discussed, including the UK Supreme Court decisions of Rainy Sky v Kookmin Bank (2011), Arnold v Britton (2015), the Lloyds Bank Bonds case (2016), and Wood v Capita Insurance Services (2017). Guidance is provided on balancing text, context, common sense and commercial purpose. The discussion of the implication of terms reflects the sceptical treatment of Belize Telecom (2009) in the Marks & Spencer case (2015). The issue of rectification addressed in detail in the new edition, reflecting the law's state of flux in this area with cases such as Daventry (2011), Cherry Tree v Landmain (2012) and Tartsinis v Navona (2015). The role of good faith is discussed with reference to Leggatt J in Yam Seng (2014) and the Court of Appeal in MSC Mediterranean Shipping v Cottonex (2016). Agreed damages clauses are revisited in the light of the reining in of the penalty rule in Cavendish v Makdessi (2016). There is consideration of Prime Sight v Lavarello (2013) and the Privy Council's reflections on contractual estoppel.

    Providing practical guidance on how courts would interpret contractual terms with reference to recent commercial contract litigation, this is the essential reference work for all commercial and corporate lawyers, both litigators and those negotiating and drafting deals.

  • PART I: THE GENERAL PART
    1: Principles and Policies
    Introduction
    Interpretation, Implication, and Rectification
    The Evolution of the Principles of Construction
    Principles and Policies
    Ten Leading Decisions in the House of Lords
    Concluding Observations
    2: Comparative and Theoretical Perspectives
    Comparative Perspectives
    Theoretical Perspectives
    3: The Objective Principle of Construction
    Overview
    The Objective Principle in Contract Formation
    The Objective Principle in Interpretation
    The Objective Principle in Implication
    The Objective Principle in Rectification
    4: Internal Context: The Whole Contract Approach
    The Whole Contract or Holistic Approach
    The Constituent Parts of a Contract
    5: External Context: Surrounding Circumstances, 'Matrix', and 'Background'
    Overview
    Key Points
    The Traditional Approach: the Surrounding Circumstances
    The Modern Approach: 'Matrix' to 'Background'
    The Exclusionary Rules
    The Future
    6: Standard Form Contracts, Public Policy, and the Realms of Strict Construction and Strict Compliance
    Key Points
    Standard Form Contracts
    Other Examples of Strict Construction
    Strict Compliance and Contractual Machinery
    7: Presumptions
    Statutory Presumptions
    Common Law Presumptions
    8: Maxims
    Introduction
    Contra proferentem
    Ut res magis valeat quam pereat
    Expressio unius
    Eiusdem generis
    Noscitur a sociis
    Reddendo singula singulis
    9: New Horizons: Good Faith, Contractual Discretions, and Human Rights
    Reasonableness, Fairness, and Good Faith?
    Contractual Discretion and Analogies with Public Law
    Human Rights
    Human Rights, Cultural Traditions, and Context

    PART II: RELATED DOCTRINES
    10: Implication of Terms: General Principles and Implied Terms at Law
    General Principles of Implication of Terms
    Implication of Terms at Law ('General Default Rules')
    Principles for Developing New Implied Terms at Law
    Implied Terms and the Employment Relationship
    Implied Terms as to Cooperation
    11: Implied Terms in Fact
    The Relationship between Implication and Interpretation
    The Relationship between Implication and Rectification
    The Modern Test for Implication in Fact: Attorney-General for Belize v Belize Telecom Ltd
    The Traditional Tests for the Implication of Terms in Fact
    Applying the Technique of Implication in Fact
    Implied Terms and Contractual Discretions
    Some Particular Types of Implied Terms
    Entire Agreement Clauses and Implied Terms
    12: Custom and Usage
    Custom, Practice, and Usage
    Supplementing or Contradicting the Written Contract
    Certain, Notorious, Reasonable
    13: Technical and Legal Language
    Introduction
    Legal Language
    Scientific, Technical, and Specialist Language
    Foreign Language
    14: Formation and Certainty
    Construction Techniques in Formation and the Interface with Certainty
    Particular Topics Relating to Contractual Certainty
    Implied Contracts and Contracts by Conduct
    15: Proof of Terms and Incorporation of Terms
    Key Points
    Proof of Terms
    Incorporation of Terms
    Incorporation by Signature
    Incorporation by Notice
    Incorporation by a Course of Dealing
    Incorporation by Reference
    The Effect of Misrepresentation
    Limitations on Incorporation: The Effect of the interfoto Principle on 'Onerous and Unusual' Terms
    16: Parties, Third Party Effects, and Clauses Precluding Assignment
    Identifying the Parties to the Contract
    The Third Party Effects of Contracts
    Anti-assignment Clauses
    17: Rectification and Correcting Mistakes through Construction
    Construction as a Technique for Correcting Mistakes in Expression
    Rectification of Documents in Equity
    Common Mistake
    Unilateral Mistake
    General Matters
    18: Common Assumptions, Estoppel by Convention, and Estoppel by Deed
    Estoppel by Convention
    Relationship with Other Species of Estoppel
    Two Leading Cases
    The Ingredients of Estoppel by Convention
    Estoppel and Pre-contractual Statements
    Estoppel By Deed
    19: Construction and Mistake as a Vitiating Factor
    The Intricate Relationship between Mistake and Interpretation
    Common Mistake
    Equitable Mistake

    PART III: PARTICULAR CONTRACTUAL PROVISIONS
    20: Conditions, Warranties, and Indemnities
    Conditions
    Warranties
    Warranties in Business Acquisition Contracts
    Indemnities
    Construction of Indemnity Clauses
    21: Exemption Clauses and Unfair Contract Terms
    Introduction
    Construction of Exemption Clauses
    Excluding Liability for Negligence
    Carving out Fraud
    'Direct', 'Indirect', and 'Consequential' Losses
    Statutory Control: The Unfair Contract Terms Act 1977
    General Approach to the Unfair Contract Terms Act 1977
    The Unfair Terms in Consumer Contracts Regulations 1999
    Reform
    22: Change of Circumstances and 'Force Majeure' Clauses
    Key Points
    The Common Law Doctrine of Frustration
    Incorporating Express Terms to Deal with Changes of Circumstances
    Construction of the Operation and Effect of Force Majeure Clauses
    23: Modification of Remedies: Express Termination, Retention of Title and No Set-off Clauses
    Express Termination Clauses
    Retention of Title
    Restriction of Set-off
    24: Payment: Penalties, Liquidated Damages, Acceleration, and Default Interest Clauses
    Payment Clauses
    Liquidated Damages Clauses
    Minimum Payment Clauses
    Accelerated Payment Clauses
    Default Interest Clauses
    25: Time Stipulations
    Construction of Time Stipulations
    Time of the Essence: the General Rule
    Making Time of the Essence
    Calculating Time
    26: The Integrity of the Instrument: 'Entire Agreement' and 'Non-reliance' Clauses
    'Entire Agreement' and 'Non-reliance' Clauses
    Construction of Entire Agreement Clauses
    Entire Agreement Clauses and Collateral Warranties
    Non-reliance Clauses and Excluding Liability for Misrepresentation
    Statutory Regulation
    Entire Agreement Clauses and Implied Terms
    Impact of Entire Agreement Clause on Extrinsic Evidence
    Final Comparative Reflection

    PART IV: RULES RELATING TO WRITTEN CONTRACTS
    27: The Status of Instruments: Forgeries, Deliberate Alteration, Non Est Factum, and Shams
    Forgery
    Deliberate Alteration of Instruments
    Non Est Factum
    Sham

    PART V: CONSTRUCTION AND PRACTICE
    28: Evidence and Practice
    The Modern Law of Civil Evidence
    The Best Evidence Rule
    Practice: Procedures for Determining Issues of Construction

  • Gerard McMeel, Professor of Law, University of Bristol; Barrister, Guildhall Chambers, Bristol, and Quadrant Chambers, London

  • "The appearance of a second edition of Gerald McMeel's book is a welcome reminder of how useful it is. Containing a lot of insightful material on general contract law, I found the discussion invaluable" - Professor Michael Furmston, Dean, School of Law and Professor of Law, Singapore Management University

    "It is a thoroughly impressive text and one which I hope will be regularly updated over the years to come. If it is, it will continue to become a favourite for all lawyers and, no doubt, aide judges tackling difficult commercial cases." - The Student Law Journal

    "A reflective and scholarly treatment of the principles and policies underlying the construction of contracts and related doctrines"; "an incisive analysis of the development of doctrine" - Review of previous edition, Peter McDonald Eggars QC [2008] Lloyd's Maritime and Commercial Law 411

    "..academic interest in the subject has increased markedly in recent years and there are now some excellent new books on the subject: see, for example, Gerard McMeel, The Construction of Contracts: Interpretation, Implication and Rectification (2007)" - Review of previous edition, Professor David McLauchlan, (2009) 31 Sydney LR 5

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