A business agreement was drawn up between the parties, containing a clause which specifically stated there was no intention to create a legally binding agreement and that it was merely a record of the express thoughts of the parties concerned. In summary, the written understanding between them was not entered into as a legal agreement but was merely an honourable pledge based on mutual loyalty and friendly co-operation. One of the parties then used the agreement as the basis for a breach of contract action. Explain whether an intention to create legal relations existed. (Explain the operation of the Australian legal systems and processes relevant to contract and consumer law).
A business agreement was drawn up between the parties, containing a clause which specifically stated there was no intention to create a legally binding agreement and that it was merely a record of the express thoughts of the parties concerned. In summary, the written understanding between them was not entered into as a legal agreement but was merely an honourable pledge based on mutual loyalty and friendly co-operation. One of the parties then used the agreement as the basis for a breach of contract action. Explain whether an intention to create legal relations existed. (Explain the operation of the Australian legal systems and processes relevant to contract and consumer law).
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A business agreement was drawn up between the parties, containing a clause which specifically stated there was no intention to create a legally binding agreement and that it was merely a record of the express thoughts of the parties concerned. In summary, the written understanding between them was not entered into as a legal agreement but was merely an honourable pledge based on mutual loyalty and friendly co-operation. One of the parties then used the agreement as the basis for a breach of contract action.
Explain whether an intention to create legal relations existed.
(Explain the operation of the Australian legal systems and processes relevant to contract and consumer law).
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