July 21, 2024

Contract law.

A contract is to be construed in accordance with the intent of the parties, and the best evidence of their intent is what they express in their written contract. Clear, complete, and unambiguous contractual terms are to be enforced according to their plain meaning, and every aspect of the contract must be accorded meaning and effect. Where the contract was negotiated and relied upon by experienced, sophisticated business actors represented by counsel, the parties are entitled to the commercial certainty that flows from the enforcement of the plain meaning of their unambiguous agreement.

Iberdrola Energy Projects v. Oaktree Capital Mgt. L.P., NY Slip Op 03798 (1st Dep't July 11, 2024)

Here is the decision.