19 Dec 2016
HARRIS AND JONES v GTV HOLDINGS LTD [2016] NZHC 3123
- Citation
- [2016] NZHC 3123
- Court
- High Court
The HC2 Adjustment was interpreted according to its text and commercial context: 'Episodes Acquired' is satisfied by licences with a licence period start date on or before 30 June 2014 and 'full price' refers to market value rather than timing of receipt; no term was implied requiring licences to be on the parties' alleged 'usual terms'; the entire agreement clause and the parties' sophistication precluded implication based on pre-contractual negotiations; accordingly plaintiffs were entitled to the deferred payment of $554,720 plus contractual interest and all contractual and statutory count…