Updated: A Guide to Contract Interpretation
An update is available to the Reed Smith white paper titled A Guide to Contract Interpretation, by Vincent R. Martorana and Michael Zitelli.
Martorana says the guide includes a brief introduction on our philosophy regarding contract interpretation, a flow chart that illustrates the typical contract-interpretation process, and an outline of excerpts from recent opinions rendered by New York and Delaware courts (which form the basis for the contract-interpretation principles that we set forth in the guide).
Updated features include the analysis New York and Delaware court opinions from July 2013 to early July 2014; added depth to certain sections to provide a more nuanced treatment of how courts approach interpretive issues; and new sections discussing both interpretive issues and certain types of contracts and contractual provisions that merit special attention.
