Is a contract that includes a mechanism for determining compensation, such as fixing rates at the prevailing market rate, sufficiently certain if it is sufficiently certain?

British Columbia, Canada


The following excerpt is from Sterling West Management Ltd. v HemoLife Medical, Inc., 2017 BCSC 2366 (CanLII):

As noted in Gichuru v. Ash Estate, 2010 BCSC 849, a contract is sufficiently certain if it contains a mechanism for determining compensation, such as fixing rates at the prevailing market rate.

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