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Vol 23 No 2 Feb/March 2018

Book of the Month

Cover of The UK Supreme Court Yearbook Volume 8: 2016-2017 Legal Year

The UK Supreme Court Yearbook Volume 8: 2016-2017 Legal Year

Edited by: Daniel Clarry
Price: £120.00

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

ISBN13: 9780198755166
Previous Edition ISBN: 9780199582488
Published: October 2017
Publisher: Oxford University Press
Country of Publication: UK
Format: Hardback
Price: £225.00

In stock.

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.

Contract Law
1: Principles and Policies
2: Theoretical and Comparative Perspectives
3: The Objective Principle of Construction
4: Internal Context: The Whole Contract Approach
5: External Context: Surrounding Circumstances, Matrix , and Parol Evidence
6: Standard Form Contracts, Public Policy, and the Realms of Strict Construction and Strict Compliance
7: Presumptions
8: Maxims
9: New Horizons: Good Faith, Contractual Discretions, and Human Rights
10: Implication by Law: General Default Rules
11: Implication in Fact: Ad Hoc Gap-fillers
12: Custom and Usage
13: Technical and Legal Language
14: Formation and Certainty
15: Incorporation of Terms
16: Parties, Third Party Effects, and Clauses Precluding Assignment
17: Rectification and Correcting Mistakes through Construction
18: Common Assumptions, Estoppel by Convention, and Estoppel by Deed
19: Construction and Mistake as a Vitiating Factor
20: Conditions, Warranties, and Indemnities
21: Exemption Clauses and Unfair Contract Terms
22: Change of Circumstances and Force Majeure Clauses
23: Modification of Remedies: Express Termination, Retention of Title and No Set-off Clauses
24: Payment: Penalties, Liquidated Damages and Acceleration Clauses
25: Time Stipulations
26: The Integrity of the Instrument: Entire Agreement and Non-reliance Clauses
27: The Status of Instruments: Forgeries, Deliberate Alteration, Non est factum, and Shams
28: Evidence: documents, originals and copies