The court implied a term into a contract for the supply of orange pulp that, in the absence of agreement between the parties, the price was to be fixed at a reasonable or market price. KSY and Citrosuco entered a contract in 2018 under which KSY agreed to supply 1,200 metric tonnes of orange pulp to Citrosuco for three years. The agreement fixed a price for the first 400MT annually – with the remaining 800MT an ‘open price to be fixed’ … (more)
[A&O Shearman, 26 June 2025]
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