This column focuses on the first ground for seeking
reformation, mutual mistake and addresses recent Commercial
Division decisions that have struggled with that issue. A mutual
mistake exists where the contractual language does not reflect
the parties’ meeting of the minds in some material respect. To
prevail on a reformation claim based on mutual mistake, the
party advancing the claim must prove a mutual mistake by
both parties that resulted in either (1) an omission of an agreed
upon provision or (2) the addition of a provision not agreed
upon. Slutzky v. Gallati, 97 A.D.2d 561, 561 (3d Dep’t 1983).
In this update, Thomas J. Hall and Judith A. Archer discuss the first ground for seeking reformation, mutual mistake and addresses recent Commercial Division decisions that have struggled with that issue.
Read the full New York Law Journal article, "Commercial division update: Reformation of contract based on mutual mistake."