In a recent decision, the High Court has held that a group of gas suppliers in Western Australia did not breach their obligations to use “reasonable endeavours” to supply additional gas at a contract price to the Electricity Generation Corporation, because in doing so the Suppliers would have to forgo their own business interests in supplying gas at a much higher price. More…
‘Reasonable Endeavours’ clause gives little comfort in supply agreements
By gadens on March 31st, 2014