The appellant and respondents engaged in negotiations and signed a letter of intent regarding a joint venture to develop a retail outlet mall and other properties.
When the respondents terminated the relationship, the appellant sued for breach of contract and, alternatively, quantum meruit for services rendered.
The trial judge dismissed the action, finding no binding joint venture agreement existed and rejecting the quantum meruit claim.
The Court of Appeal upheld the finding that no binding contract was formed, as essential terms were missing and the parties' conduct indicated further negotiations were required.
However, the Court allowed the appeal regarding the quantum meruit claim, finding the trial judge erred in law by requiring a contractual relationship for restitutionary relief.
A new trial was ordered to determine the value of the services provided by the appellant.