“An agreement between a designer and property developer for the interior design of a luxury residential development did not require an implied term that the developer would sell the apartments within a reasonable time as a matter of business efficacy or obviousness: Yoo Design Services v Iliv Realty. A luxury designer, Yoo, entered into a design services agreement with a property developer, Iliv, in relation to a high-value residential property under which Yoo provided design services for a fee: a third upfront and the remainder on the sale of the apartment …” (more)
[Aaron Jones, Compact Contract, 23 April]
First posted 2021-04-24 08:45:49
Leave a Reply