Sentences with phrase «reasonable intent of the parties»
Relying on established contractual interpretation lines of authority with respect to the reasonable intent of the parties, the majority opinion concluded that the clause could not be said to be ambiguous merely because of a difference of opinion about whether a hypothetical activity would trigger the compensation obligation.
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[62] Viewed contextually and with the reasonable expectations of the parties in mind, what was the common intent behind the use of the word «income» to qualify the word «benefit»?
(3) In determining the intent of a party or the understanding a reasonable person would have had, due consideration is to be given to all relevant circumstances of the case including the negotiations, any practices which the parties have established between themselves, usages and any subsequent conduct of the parties.