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Parol evidence: Difference between revisions
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An old fashioned idea that once a contract is reduced to writing, any other evidence of the parties’ agreement or intentions must be ignored: in many ways a companion piece to the equally fusty “[[no oral modification]]” rule, which in the hands of well meaning commercial judges | {{g}}An old-fashioned idea that once a [[contract]] is reduced to writing, any other evidence of the parties’ agreement or intentions must be ignored: in many ways a companion piece to the equally fusty “[[no oral modification]]” rule, which in the hands of well-meaning but misguided commercial judges has been enjoying a bit of an Indian summer as of late. In practice there ''are'' exceptions — the common law of equity is basically one big exception — and you will usually need at least an [[entire agreement]] clause, unless your [[contract]] is of the sort that is required by law to be in writing.<ref>such as a contract for the conveyance of land.</ref> | ||
{{contract vs document}} | |||
{{sa}} | {{sa}} | ||
*[[No oral modification]] | *[[No oral modification]] | ||
*[[Electronic execution]] | |||
{{ref}} | |||