FT Ltd v D Ltd [2020] NZDT 1418 (27 November 2020) [pdf, 321 KB]
...entitled to the sum claimed? d) Is D Ltd entitled to the sum counterclaimed? CI0301_CIV_DCDT_Order Page 2 of 12 Was there a material breach of contract by FT Ltd? 5. The general law of contract applies. A legally binding contract is formed when both parties intend to contract on agreed terms and intend for those terms to be legally binding. The terms of a contract are formed at the beginning, not at the end. What was agreed is looked at objectively, i.e. by looking at wh...