Contracts Law

  • Interpretation of contracts – Contracts Law

    1. Rules to interpreting contracts a. Literal meaning  If the terms of a contract are clear and leave no doubt upon the intention of the contracting parties, the literal meaning of its stipulations shall control. (Article 1370, Civil Code) b. Intention over words/terms If the words appear to be contrary to the evident intention of…

  • Reformation of instruments – Contracts Law

    1. Concept When, there having been a meeting of the minds of the parties to a contract, their true intention is not expressed in the instrument purporting to embody the agreement, by reason of mistake, fraud, inequitable conduct or accident, one of the parties may ask for the reformation of the instrument to the end…