The ties that bind
13 September 2012
In complicated negotiations, it is often difficult to know exactly when a binding contract is reached. This extract from The Buyer outlines the judgment in a recent High Court breach of contract case
DMA Financial Solutions Ltd v Baan UK Ltd (Chancery Division, 28 March 2000)
In May 1998, Baan, a global provider of enterprise business solutions, bought an English company, then called Coda, that owned the rights to a financial accounting software system. After the takeover, Baan took on a number of clients that used this system.
System users were...