This article posted to our partner site Mondaq.com discusses a case in which the Court of Queen’s Bench of Alberta found that a cover letter and term sheet between the two parties constituted a binding agreement.
\nThe court focused on whether there was a “meeting of the minds” so as to create an enforceable contract, and used a two part test which looked at the intentions of the parties and the terms of the contract.
","frontmatter":{"title":"Blog Bite: When will a term sheet be considered binding?","date":"June 18, 2018","description":"This article discusses a case in which the Court of Queen's Bench of Alberta found that a cover letter and term sheet between the two parties constituted a bindind agreement.","author":{"id":"cmcivor@cobaltcounsel.com","first":"Chris","last":"McIvor","bio":null,"image":null},"tags":["Term Sheet","Investor Term Sheet","cmcivor"]}}},"pageContext":{"slug":"/blog-bite-when-will-a-term-sheet-be-considered-binding/","previous":{"fields":{"slug":"/as-an-inventor-should-i-sign-an-assignment-agreement/"},"frontmatter":{"title":"As an Inventor, Should I Sign an Invention Assignment Agreement?","tags":["Intellectual Property","Term Sheet","Shareholders Agreement","Intellectual Property Transfer","Transfer of Intellectual Property","Investor Term Sheet"],"author":{"id":"frahman@cobaltcounsel.com","first":"","last":null}}},"next":{"fields":{"slug":"/blog-bite-are-term-sheets-binding/"},"frontmatter":{"title":"Blog Bite: Are term sheets binding?","tags":["Term Sheet","Investor Term Sheet","cmcivor"],"author":{"id":"cmcivor@cobaltcounsel.com","first":"Chris","last":"McIvor"}}}}}}