Editing Contracts Ayres/9th ed. Outline
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************************** Terms that are agreed on are vague | ************************** Terms that are agreed on are vague | ||
************************** Parties agree on certain terms but they leave other terms for future agreement | ************************** Parties agree on certain terms but they leave other terms for future agreement | ||
************************* o | ************************* o Varney v. Ditmars (NY 1916) | ||
************************** Facts: D promised P a “fair share” of his profits if P would continue to work for him through end of year and new projects. D doesn’t pay and D wins. | ************************** Facts: D promised P a “fair share” of his profits if P would continue to work for him through end of year and new projects. D doesn’t pay and D wins. | ||
************************** HOLDING: “Fair share” is too vague, indefinite, and uncertain. The amount could not be computed. | ************************** HOLDING: “Fair share” is too vague, indefinite, and uncertain. The amount could not be computed. |