21 May 2020
NORTH 12 LTD v BEECH ORCHARD LTD [2020] NZHC 1075
- Citation
- [2020] NZHC 1075
- Court
- High Court
The caveat must lapse because North 12 failed to establish an arguable case that a binding contract had been formed by the email correspondence; negotiations remained subject to contract, key term(s) (notably a lease-back) were unresolved, and agreement to allow early due diligence did not evidence a common intention to be immediately bound.