21 Jun 2012
NUTECH SECURITY LIMITED V CGI CONTRACTING LIMITED HC HAM CIV-2010-419-496
- Citation
- openlaw-f27010fc_2ce2_4cc6_8c5a_09f9fc261a17.pdf
- Court
- High Court
The Court upheld the District Court's findings that GCI misrepresented its active customer base and that Nutech was induced to enter the sale; damages for loss of goodwill were assessed at 75% of the attributed goodwill value ($130,000) with set off of the outstanding $30,000 instalment, the order awarding Mr Inglis damages under clause 20.1 was set aside because clause 20.1 did not impose an obligation on the purchaser to provide work and thus s 4 Contracts (Privity) Act 1982 did not apply, and the restraint of trade was confined to the business of installing and servicing security alarms an…