Part II Text and Context, 3 Principle 3: The Whole Text
- Insolvency clauses and damages — Bills of lading
This chapter explains that contracts are read as a whole. Words and expressions in a contract cannot be seen insolation. They get their colour from the rest of the contract and, if the contract is part of a wider transaction, from the other transaction documents. It also considers the principle that a person interpreting a contract should strive to give effect to each part of the contract. It explains how these issues are dealt with in practice. It also discusses those limited types of case in which contracts are not read as a whole.