Docklands Solicitor
Latest legal news from Docklands Solicitors, Kaslers Solicitors LLP.
Tuesday, 1 June 2010
Termination of building agreement
Commercial property developer promises to build retail shopping centre; promises to pay money by instalments to a well known “anchor” retailer to take one of the units in order to attract other smaller retailers; but then fails to make the payment.
In the circumstances of this case, failure to pay one of the instalments did not entitle the retailer to terminate peremptorily the whole arrangement. Payment was not of the essence and the breach was not so fundamental as to amount to a repudiatory breach.
For help and advice please contact Michael Breeze (Solicitor, Partner) on 07 900 195 195 or by email: mdb@kaslers.co.uk
In the circumstances of this case, failure to pay one of the instalments did not entitle the retailer to terminate peremptorily the whole arrangement. Payment was not of the essence and the breach was not so fundamental as to amount to a repudiatory breach.
For help and advice please contact Michael Breeze (Solicitor, Partner) on 07 900 195 195 or by email: mdb@kaslers.co.uk
Labels: commercial property
# posted by michael @ 11:37 
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