Edge Tools & Equipment Ltd v Greatstar Europe Ltd

Edge Tools & Equipment Ltd v Greatstar Europe Ltd

The Agreement, including the Heads of Terms, was binding for five years; no implied term allowed termination on reasonable notice; Edge did not commit repudiatory breach; Greatstar/G2 repudiated the contract by solicitors’ letter; Edge entitled to commission and damages as per contract; alleged misrepresentations were not proved false.

Parties
Claimant: Edge Tools & Equipment Limited; 1st Defendant: Greatstar Europe Limited; 2nd Defendant: G2 Products Limited
Jurisdiction
England and Wales
Judgment Date
02 February 2018
Procedural Posture
Commercial Contract Dispute / Judgment After Trial
Outcome
Claim allowed in part; counterclaim dismissed
Legal Topics
Formation of Contract, Repudiatory Breach, Implied Terms, Misrepresentation, Damages, Interest on Commercial Debts
Contract Law Commercial Law Formation of Contract Repudiatory Breach Implied Terms Misrepresentation Damages Interest on Commercial Debts

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Parties

Edge Tools & Equipment Limited

Claimant

Greatstar Europe Limited

1st Defendant

G2 Products Limited

2nd Defendant

Procedural Posture

Commercial Contract Dispute / Judgment After Trial

Legal Issues

  1. 1 Was there a binding contract including the Heads of Terms?
  2. 2 Was there an implied term allowing termination on reasonable notice?
  3. 3 Did Edge commit repudiatory breach?

Ratio Decidendi

The Agreement, including the Heads of Terms, was binding for five years; no implied term allowed termination on reasonable notice; Edge did not commit repudiatory breach; Greatstar/G2 repudiated the contract by solicitors’ letter; Edge entitled to commission and damages as per contract; alleged misrepresentations were not proved false.

Court Disposition

Claim allowed in part; counterclaim dismissed

Orders

  • Edge entitled to commission and damages as per contract until acceptance of repudiation
  • Interest on admitted invoices at 1% above base rate from 60 days after invoice date