Between a rock and a hard place? No consideration from the Supreme Court in Rock Advertising Ltd v MWB Business Exchange Centres Ltd

Discusses Rock Advertising Ltd v MWB Business Exchange Centres Ltd (SC) on whether a no oral modification clause invalidated oral variation of a licence agreement, and whether an agreement to pay less or pay later was underpinned by consideration. Reviews possible approaches to contractual modifications, including extending the practical benefit concept to part payments or invoking economic duress. Considers the case's commercial implications.