Agreements Lacking Definite Meaning

Description

This Skill Bit shows that agreements lacking definite meaning have unclear, ambiguous terms that pose challenges in interpretation and enforcement. Courts may interpret based on ordinary meaning, parties’ intentions, industry customs, or contra proferentem rule if one party drafted the unclear terms. Clear drafting and legal advice are crucial to minimize ambiguity and ensure agreements accurately reflect intentions.

Duration approx. 4 Min.

Tier: advanced