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Redlawn v Cowley [2010] EWHC 766 (Ch) [2010] PLSCS 277

DATE: 02 Feb 2010

Where an option agreement was silent as to the date on which the valuation was to be arrived at for the purpose of determining the price payable upon exercise of the option, the intention to be attributed to the parties was that the valuation date would be as close to the exercise date as practicable; the closest available date was that of the expert's determination.