The Commercial Court followed the applicant`s argument that the parties wanted to enter into a binding contract and therefore had to attempt to implement the option agreement. In particular, he indicated that the option agreement was part of a “set of contracts” and that the defendant granted him the options, including the applicant`s subsidiaries that entered into the shipbuilding contracts. Several important factors must be considered before, during and after signing a contract to ensure its applicability. Make sure you do research and always have a contract management plan in place to ensure that any agreement you make is in the best interest of your company or customer. Even if the law does not require a written agreement, it is always a wise decision to do so. However, like everything in the law, many exceptions can quickly turn a binding contract into an unenforceable contract, that is, it cannot be applied in court. Keep reading about what makes a contract enforceable and what factors can make it unenforceable before, during or after signing. While a contract may appear valid on his face, there are times when it is not applicable under the law. If you have any doubts that your contract is not legally applicable or if you need help drafting a contract for your business, it is a good idea to consult an experienced business lawyer to make sure your contract is valid. In Teekay Tankers v STX Offshore – Shipbuilding  EWHC 253 (Comm), the High Court considered the cancellation of an option agreement on the construction of tankers for reasons of uncertainty.
Challenging a contract means undermining the integrity of the treaty. One way to do that is to treat the treaty as unenforceable. A contract can be classified as unenforceable if it violates the statute of limitations or the law on the declaration of goods. Signing the contract can have significant consequences for both parties. It is important to understand the circumstances that could render a contract unenforceable. By being on alert before signing, you can identify any red flags in advance, which can prevent the need for costly legal interventions. Here are some of the most common problems that can make a contract unenforceable.