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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?


To: The Fix who wrote (17239)3/31/1999 2:29:00 PM
From: maintenance  Read Replies (1) | Respond to of 26850
 
Did you see the FP article? I thought they painted a rather nice picture of Winspear. They describe it as potentially the richest diamond find in the NWT. That's kind of what I am thinking. I do hope this dispute is resolved quickly, it is taking the focus off what is important, I can't help but think that maybe that's the point.

Cheers



To: The Fix who wrote (17239)3/31/1999 2:46:00 PM
From: Gord Bolton  Read Replies (1) | Respond to of 26850
 
An Introduction to Canadian Law
Contract Law
Parol Evidence Rule

It would be wise to consider at this point a very important rule regarding contracts. Sometimes referred the Parol Evidence Rule, it generally means this: Where there is a dispute concerning a written contract, the court will consider only the terms of that contract. Evidence cannot be introduced to alter or contradict the clear, unambiguous terms of a written contract unless there is an attempt to show that the entire contract is a fraud. This means that no matter what has been said between the two parties, the court will only enforce what is put down in written form. This should make it clear to everyone that verbal promises have no legal effect unless included as part of the written contract. No formal wording is needed. It is sufficient to just write out the additional terms anywhere on the contract and have both parties initial the wording. The reverse situation also applies. The parties may strike out terms of a written contract and initial the omission. It is unwise to accept oral promises from the other party such as, “Oh, don't worry about that. We never enforce that.”