Quadcast Live! - Good Faith in Commercial Contracts
Each Thursday at 5pm the Quadcast team invite you to join them live on the Quadrant Chambers YouTube channel for a lively analysis of a topical issue that our team hopes you find both relevant and engaging.
The format is simple. Each week the Quadcast team will discuss a particular topic of interest and invite you to join in using the YouTube chat function, giving your comments, questions and observations live as the programme is on air.
Quadcast Live! - Good Faith in Commercial Contracts
In a series of decisions, spearheaded by Lord Leggatt, the English Courts have found implied terms of good faith in commercial contracts. The existence of such a duty (together with implied limitations on the exercise of contractual discretions) is becoming an important issue in the context of banking relationships, supply agreements, agency relationships, shareholder agreements and other similar longer term contractual arrangements.
This week the Quadcast team will examine the development of this duty of good faith, the notion of relational contracts and the extent to which the case-law in this area comprises a departure from the traditional approach of the common law.
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