Grain price drop: whether the contract was or not?

The Client, a party to the deal on wheat supply with the large Swiss company, applied to Interlegal. As the Seller, the Client relied on goods supply at the price agreed at the moment of concluding the contract.

The parties arranged transaction terms, as certified by the Broker’s business conformation. Formal draft contract remained unsigned, while the Buyer declared on absence of the contract between the parties a few days before commencement of supply period.

Interlegal lawyers proved the fact of the contract between the parties, having analyzed in detail correspondence and conformity of all the case circumstances with the English contractual law provisions, followed by legal opinion addressed to the Client and aimed at persuading the counteragent in the contract performance.

Interlegal lawyer Valeria Ivanova, managed by senior associate Ekaterina Gadetskaya, drafted the legal opinion.