https://www.taxtmi.com/caselaws?id=103468 A renewal clause that leaves essential terms to future mutual agreement is merely an agreement to agree and is unenforceable for uncertainty; the later arrangement was therefore treated as a fresh contract. A State instrumentality must act fairly, reasonably, and without arbitrariness when granting contractual largesse, and private negotiation without a transparent competitive process was held inconsistent with Article 14. Once the underlying arrangement was found void on constitutional grounds, no enforceable contractual right to prior hearing before rescission survived. The petition was accordingly held unsustainable. en-us Fri, 02 Jul 1993 00:00:00 +0530 Wed, 22 Feb 2012 18:56:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103468 A renewal clause that leaves essential terms to future mutual agreement is merely an agreement to agree and is unenforceable for uncertainty; the later arrangement was therefore treated as a fresh contract. A State instrumentality must act fairly, reasonably, and without arbitrariness when granting contractual largesse, and private negotiation without a transparent competitive process was held inconsistent with Article 14. Once the underlying arrangement was found void on constitutional grounds, no enforceable contractual right to prior hearing before rescission survived. The petition was accordingly held unsustainable. Case-Laws Companies Law Fri, 02 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103468