Where individuals conduct business through corporate entities they control, a contract between the individuals for the sale of one party's 'interest' in the business is supported by consideration, because the promise to procure the withdrawal of controlled entities constitutes valuable consideration. A label of 'non-binding' on part of a settlement agreement, while not conclusive, is the only language directed to whether those words have contractual force and is not readily displaced. An amendment application made at the commencement of trial, raising grounds known to the applicant for many months without satisfactory explanation for the delay, will be refused consistently with Aon Risk Services principles.
The full text is available to signed-in members, including the 44 later cases that cite this judgment.
11 of the 44 citing cases carry a classified treatment. How each court treated it is available to signed-in members.