Where a deed of compromise contains a gap as to what is to occur in a foreseeable scenario not directly addressed by the express terms, the court may imply a term providing for performance within a reasonable time, applying the BP Refinery criteria. A date specified in a compromise deed as identifying the source or mode of payment will not necessarily be construed as an essential time limit for payment, particularly where such a construction would produce a commercially unreasonable result inconsistent with the objective background circumstances.
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