...) is legally effective. The second is whether an agreement whose sole effect is to vary a contract to pay money by substituting an obligation to pay less money or the same money later, is supported by consideration. The court noted the arguments that were put forward for holding NOM clauses...

... of administrative problems. Formation of Contracts Consideration Implied Terms Oral Agreements Q. There was no mention of standard terms and conditions on the phone on 29 January? A. It was orally ‘2%’. When he asked me ‘What are your fees’? I said, ‘My standard fees are 2%’. Apart from...