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FROM CONTRACT TO UMBRELLA AGREEMENT

Published online by Cambridge University Press:  06 March 2008

Stefanos Mouzas
Affiliation:
Senior Lecturer, Lancaster University Management School. Email: s.mouzas@lancaster.ac.uk
Michael Furmston
Affiliation:
Emeritus Professor and Senior Research Fellow, University of Bristol, School of Law. Professor of Law, Singapore Management University
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Extract

It is now widely accepted that English contract law does not deal equally well across the whole range of agreements that are made. The model which fits best to English contract law is one in which the parties move immediately from no contract to completed contract. There is great difficulty with situations where the parties spend a long time in an area where there are obligations and understandings but not yet a fully completed contract. This article considers an important development that attempts to deal with this difficulty. That is the increasing use by contracting parties of what may be called umbrella agreements.

Type
Shorter Articles
Copyright
Copyright © Cambridge Law Journal and Contributors 2008

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