• Commercial relationships: intention to create legally binding relations exists (Carlill v Carbolic Smokeball) but can be rebutted: Rose v Frank Crampton. In that case, parties entered into an agreement to distribute products in US and the agreement included an ‘honourable pledge clause’ which held that it is not legally binding but an ‘honourable pledge’ to fulfil the arrangement, and when the agreement was terminated, this clause was upheld. In 2 recent UK cases, presumption was rebutted: (i) MacInnes v Gross, which involved a dinner conversation and an alleged oral contract to provide investment bank services. The company was eventually sold and at an advance stage of the contract, the investment banker (p) suggested formalising their agreement by putting it in writing. As the deal progressed, p became increasingly side-lined and eventually the deal closed. P demanded 13.5 mil pounds as according to him, this was the objective market value of his services. Ct rejected this agreement for lack of intention to create legally binding relations, stating “a contract can be made anywhere, in any circumstances” but despite the setting here, there was no intention to make legal relations. Similarly, (ii) in Blue v Ashley, ct considered whether the parties had intended to be contractually bound in the context of a conversation which took place in an informal business meeting at a public house (Ashley being the founder of the Sports Direct Group). Interestingly, both parties here were inebriated and the tone of the conversation suggested that the promise not be taken seriously.