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Overage: Implied obligations
Michael Smith reports on a recent high court decision concerning the complex issue of triggering events for overage payments ‘Overage agreements continue to present a myriad of traps for the unwary. The importance of a seller ensuring that adequate security protecting the seller’s right to overage is put in place cannot be overstated.’Renewal Leeds Ltd …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Attorney General of Belize v Belize Telecom Ltd [2009] UKPC 10
- Bournemouth and Boscombe AFC v Manchester United (unreported, 21 May 1980)
- CEL Group Limited v Nedlloyd Lines UK Ltd & anor [2003] EWCA Civ 1716
- Liverpool City Council v Irwin [1976] UKHL 1
- Renewal Leeds Ltd v Lowry Properties Ltd [2010] EWHC 2902 (Ch)