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Investigates how a compromise agreement can be legal and binding

By: Series: Contract Journal ; 408(6324) 25 April 2001, 29(1)Publication details: 2001Subject(s): Summary: Illustrates through "Joseph Finney Plc v Gordon Vickers and Gary Vickers t/a The Mill Hotel" how a compromise agreement can be binding and a promise not to adjudicate is a promise of value. The case arose from confusion over particular amendments to the JCT 1980 standard form, and concerned a compromise agreement between the parties to avoid adjudication.

Illustrates through "Joseph Finney Plc v Gordon Vickers and Gary Vickers t/a The Mill Hotel" how a compromise agreement can be binding and a promise not to adjudicate is a promise of value. The case arose from confusion over particular amendments to the JCT 1980 standard form, and concerned a compromise agreement between the parties to avoid adjudication.