Limitations in real estate agent’s opportunity is repudiation of contract

Fatima VieiraCommercial Contracts, Contract Disputes, Contract Termination0 Comments

Fatima Vieira B.A., M.A., LL.B. In Barresi and 6491243 Canada Inc. v. Jones Lang Lasalle Real Estate Services, 2019 ONCA 884  the Ontario Court of Appeal considered the test for repudiating a contract. Jones Lang Lasalle (“Lasalle”) was a real estate investment management company. Ryan Barresi (“Barresi”) was a real estate broker. Barresi and Lasalle entered into an agreement whereby Barresi was to be the Ottawa Practice Lead for investment property transactions. One year after entering into the contract, Lasalle advised Barresi that he could only pursue transactions in Ottawa up to a $10 million ceiling, even though the agreement imposed no such ceiling and transactions over $10 million would be exclusively available to another party, National Retail Investment Group (“NRIG”), which would involve Barresi only as Lasalle saw fit. The trial judge found that these two limitations undermined Barresi’s reason for entering into the contract with Lasalle, which was … Read More