Contract Interpretation Methods in Common Law System & The “Four Corners” rule

Description

This Skill Bit talks about how Common law interprets contracts using methods like plain meaning, contextual analysis, contra proferentem, business efficacy, and officious bystander tests. The choice of method depends on the contract’s clarity and circumstances. The four corners rule confines contract interpretation to the document’s text, prioritizing objectivity over subjective intentions. While generally strict, exceptions exist for ambiguous or fraudulent contracts.

Duration approx. 4 Min.

Tier: advanced