Letter of variation
Letter of variation

The following Commercial guidance note provides comprehensive and up to date legal information covering:

  • Letter of variation
  • The ScheduleVariations to the Contract

[ON HEADED NOTEPAPER OF PARTY A]

[Insert address of Party B]

[[Insert address of Guarantor]]

[Insert date]

Dear [name of Party B][ and [name of Guarantor]]

Variation of contract

  1. 1

    We refer to the agreement dated [insert date of existing contract] between [you and us OR you, us and the Guarantor] relating to [insert description of the existing contract] (Contract).

  2. 2

    [Provide background to the changes]. In accordance with clause [insert clause] of the Contract, and in consideration of the sum of £[1] paid by us to you[ and the Guarantor] (receipt of which is acknowledged by you[ and the Guarantor]), we agree to amend the Contract in accordance with the provisions of paragraph 5 below with [immediate effect OR effect from [insert date]].

  3. 3

    [Under [clause [insert reference to guarantee clause] of the Contract OR a guarantee entered into by [insert name of Guarantor] [of OR a company incorporated in [

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