Two commercial entities entered into an agreement for consultancy services which expired after 2 years, after the expiry of the contract, the Consultancy firm continue to provide its services according to a verbal agreement at the same old contract rates.
1. 1. Does the consultancy firm have any rights for recovery of monies?
2. 2. Is it a deemed extension of contract?
3. 3. Most important any case laws to support it (not employment case laws but between two commercial business)?
