Principles of Contract Law

Millennium Veterinary Hospital Corporation v. SR & R Bay Ridges Ltd., 2007 CanLII 28328 (ON SC)

[13] The relevant contract principles are as follows:

i. The plain, literal and ordinary meaning of a written contract shall be given effect

ii. Parole evidence shall only be admitted where the contract is ambiguous

iii. The parties’ intention in forming the contract shall be considered in light of the contract as a whole

iv. Contracts shall be interpreted Contra Proferentum

v. Contracts must be interpreted in a commercially reasonable manner