An oral agreement may be contractually binding even where essential matters such as price and specifications are left for future agreement on each occasion, provided the core terms are sufficiently cohesive and coherent to stand as a contract in their own right. The placing of the first order under such an arrangement constitutes sufficient consideration for the overarching terms. A manufacturer's refusal to acknowledge the commissioning party's IP rights, used as leverage for an exclusive supply agreement, does not negate the existence of an agreement that such rights belong to the commissioning party.
The full text is available to signed-in members, including the 90 later cases that cite this judgment.
11 of the 90 citing cases carry a classified treatment. How each court treated it is available to signed-in members.