Case Study – Implied Terms in Contracts – Marks and Spencer vs BNP Paribas

Description

In this episode of “IAX World of Contracts,” we explore the landmark case Marks and Spencer plc v BNP Paribas (2015), which clarified the rules around implied terms in contracts. The UK Supreme Court ruled that terms can only be implied if they are necessary to make the contract work or so obvious that they go without saying. This episode is essential listening for contract managers, legal professionals, and business leaders who want to ensure their contracts are thorough and leave nothing to assumption.

By the end of this episode, you’ll understand the key tests for implying terms, the importance of clear drafting, and how to avoid relying on implied terms in commercial contracts.