This article posted to our partner site Mondaq.com discusses a case in which the Court of Queen’s Bench of Alberta found that a cover letter and term sheet between the two parties constituted a binding agreement. The court focused on whether there was a “meeting of the minds” so as to create an enforceable contract, and used a two part test which looked at the intentions of the parties and the terms of the contract.

 

–  –  –

This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.