What do you mean by Parol Evidence Rule
What do you mean by Parol Evidence Rule?
Expert
Parol evidence rule does not allow a party afterwards add a term that was previously agreed upon orally but was not included in the written contract. Legal definition of parol is unwritten as well as oral. To do justice to parties, nevertheless courts often find ways to avoid rule. Parol evidence can also be admitted to prove that a contract is illegal or invalid due to incapacity, misrepresentation, scam, constraints or gratuitous manipulation.
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1. GML owns 92% of the issued shares in Explorer Ltd. The remaining 8% of the shares are held by five individuals, including a Mr Owen who owns 0.5% of the issued shares. Mr Owen is a high profile individual who has at times been critical of the Chinese government’s activities in the South China
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