Overview

When drawing up an agreement governing business relationships, the meaning of words matters; it is important to ensure that the true meanings and implications of the words commonly used are understood. If there's a disagreement or dispute in relation to a party's obligations under a contract, difficulties may arise if words or phrases in fact have a meaning which one or both parties did not appreciate. Eversheds analyse two examples which serve to demonstrate the risk of failing to:

• appreciate the real meaning and implications of the words used in practice; and


• give full consideration to the precise obligations you require the other party to a contract to undertake.

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