Deleted user
posted 2 years ago
Contract Variation
How can a contract be varied lawfully?
  • Jersey
  • Japan
  • Commercial and Business Law
  • Contract
  • Public Law

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Deleted user
posted 2 years ago
A contract can vary in several ways, provided all parties agree to the changes. The most common way to alter a contract is by way of a deed of variation, a formal document that amends the terms of the original agreement. Other ways to vary a contract include making an informal agreement between the parties or going through mediation or arbitration. If one party wants to change the contract terms and the other party does not agree, they must go through the courts to have the contract varied. However, this is generally seen as a last resort as it can be very costly and time-consuming. In any case, it is always advisable to seek legal advice before changing.