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198 elements of contract interpretation § 6.1.1.2.
200 elements of contract interpretation Standard forms facilitate the diffusion to underlings of management's decisions regarding the risks the organization is prepared to bear, or make it unnecessary to explain these matters to subordinates at all.7 In addition, form contracts promote a similar kind of efficiency and reli ance between allied firms on one side of a contract when parts of the process are subcontracted or outsourced, especially if outsourced to sev eral firms, some of them overseas.
202 elements of contract interpretation should be on whether objective contextual interpretation is more imple mentable than the subjective alternative.
204 elements of contract interpretation If there is no such ambiguity, the contract is given its unambiguous (plain) meaning as a matter of law.
206 elements of contract interpretation (2) Where the parties have attached different meanings to a promise or agreement or a term thereof, it is interpreted in accordance with the meaning attached by one of them if at the time the agreement was made (a) that party did not know of any different meaning attached by the other, and the other knew the meaning attached by the first party; or (b) that party had no reason to know of any different mean ing attached by the other party, and the other had reason to know the meaning attached by the first party
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