SITA GAPI
The contract expressly provided for the division of profits and specified costs; costs not agreed in writing by both parties cannot be deducted. The District Court erred by considering unilateral costs not part of the contract. The appellant is entitled to 30% of the net profit after contractual deductions plus the specified capital repayment. The primary court's decision is reinstated.
Source excerpt
- Joint venture agreement
- Breach of contract
- Profit sharing
- Contract interpretation
- Appeal procedure