News and Events for Attorneys and Executives

A Settlement Agreement That’s Too Vague Doesn’t Settle Much At All

Stacey Lantagne uses a recent Florida case to illustrate the importance of specificity when drafting contracts.

Writing in her ContractsProf Blog, she outlines the history of Boardwalk at Daytona Development, LLC v. Paspalakis, “a case where the court, faced with an ambiguous description of the land at issue in a contract, just threw up its hands in frustration.”

The case involves a settlement agreement in a land dispute. The agreement failed to specify a legal description or street address for the property at issue. That failure came to light when Boardwalk conveyed a parcel — pursuant to the agreement — which the appellees found to be inferior to the one they expected to receive.

Read the article.