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 See also Contract (agreements to agree). See also Contract (intent to be bound). See also Indefiniteness. An agreement whereby the parties hold off on agreement of some of the terms to a later date. Such an agreement is void unless the parties actually agree or there is an objective standard under which the material term may be determined by a court. 


See, e.g., Carmon, 614 N.Y.S.2d at 556 ('It is well settled that an agreement to agree, in which material terms are left for future negotiations, is unenforceable unless a methodology for determining the material terms can be found within the four corners of the agreement or the agreement refers to an objective extrinsic event, condition, or standard by which the material terms may be determined.'). 


If intent were wholly subjective there would be no parol evidence rule, no contract case could be decided without a jury trial, and no one could know the effect of a commercial transaction until years after the documents were inked. That would be a devastating blow to business. Contract law gives effect to the parties' wishes, but they must express these openly. Put differently, 'intent' in contract ...

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