Agreement adjusting
In what circumstances might you need to adjust an agreement?
Country
- Brazil
- Germany
Fields:
- Commercial and Business Law
- Contract
- Corporate and Company
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It has several ways, but the most common is to use a letter of agreement. The letter agreement should set out the specific changes being made to the contract, including the new terms, dates, and signatures of both parties.
It's important to remember that a contract variation should be treated as a new contract; therefore, any previous agreements between the parties are no longer binding. Both parties should ensure they are aware of and agree to any changes before proceeding with the variation.