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In all too many cases, buyers of credit-derivative protection found that their interpretation of a contract differed vitally from that of the firm which had sold it.
A league spokesman confirmed yesterday that both parties have taken the dispute to the N.F.L. "It is a matter of interpretation of a contract, and if the parties can't agree, then it could go to the commissioner," Greg Aiello, the N.F.L. spokesman, said.
In one of the two Welsh case studies relations between the LHB and main local trust had become very difficult in the year prior to the research, largely because of a protracted dispute about the interpretation of a contract clause on marginal pricing.
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The review might be done by lawyers if it involved only the interpretation of an insurance contract.
The Supreme Court held then that some decisions involved both an interpretation of an insurance contract and the exercise of medical judgment about how to diagnose and treat a patient's symptoms.
Arsenal made a club-record offer of £40m plus £1 for Suarez in the belief it would enable them to secure his services, but Liverpool dispute the interpretation of a clause in his contract.
If the parties go to court, the judge will decide the case based on how the contract would be interpreted by the average person.[20] However, there are certain terms or phrases that have historical precedent and exact legal meaning that will facilitate a court's interpretation of the contract.
"Channel 4 were unable to monetise the contract as planned in the deal season and an argument has broken out over the exact interpretation of the contract as they want to share the pain with UKTV," said a source with knowledge of the situation.
Georgia-Pacific has filed a separate action seeking to justify its interpretation of the contract, Caraustar officials said.
All these provisions were written into a collective bargaining contract, and disputes over interpretation of the contract were resolved through grievance arbitration.
Mr. Krinsky, City of Hope's general counsel, said the medical center began questioning Genentech's interpretation of the contract in 1998, when Genentech and Novo Nordisk, a Danish drug company, announced a legal settlement that called for Novo to pay Genentech for the rights to the insulin patent.
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