Paul Kressock Quoted in Law360 Canada Article on BC Court of Appeal Contract Enforceability Case

Law360 Canada

Lawson Lundell lawyer Paul Kressock was quoted in an article by Law360 Canada about a recent case before the BC Court of Appeal which "upheld a decision finding that a one-page document setting out the proposed terms for the sale of a property was not an enforceable contract for purchase and sale."

The article discusses the judge's decision, which Paul identifies as a cautionary tale for parties who sign a term sheet before they intend the deal to become legally binding. “Where a signed term sheet does not expressly state that the agreement is non-binding, or is subject to the execution of a final contract, this creates a risk that one party may argue later that the term sheet is indeed binding and amounts to an enforceable contract," Paul said. 

Read the full article here


Jump to Page