Marks & Spencer plc v BNP Paribas Securities Services Trust Company (Jersey) Limited and another [2015] UKSC 72

Re-statement of the law on implied terms

The Supreme Court has reviewed the law on implied terms in Marks & Spencer plc v BNP Paribas Securities Services Trust Company (Jersey) Limited and another. This case concerned a tenant's break clause in a lease. The resolution of the issue in contention turned on the interpretation of the lease, and it required the court to consider the principles by reference to which a term is to be implied into a contract.

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