Trident Australasia Pty Ltd v Versabuild LLC

Licence – Failure of consideration. The parties contracted to enable them to carry out work in Indonesia relating to the raising of oil platforms. A dispute arose as to whether the defendant company had agreed to pay the claimant a licence fee. The defendant counterclaimed for unpaid invoices. The Commercial Court held that, on the evidence, the claim would be dismissed and the counterclaim allowed.

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