The following Commercial precedent provides comprehensive and up to date legal information covering:
[ON HEADED NOTEPAPER OF PARTY A]
[Insert address of Party B]
[[Insert address of Guarantor]]
Dear [name of Party B][ and [name of Guarantor]]
Variation of contract
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).
[Provide background to the changes]. In accordance with clause [insert clause] of the Contract, and in consideration of the sum of £ 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]].
[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 [England and Wales] under number [insert registered number] whose registered office is at] [insert address] (Guarantor) on [insert date] relating to the Contract] (Guarantee), the Guarantor agreed to guarantee certain of you
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Statutory declaration of solvencyA company enters voluntary liquidation when the members of the company vote to do so by a special resolution. For more information, see Practice Note: What is a members' voluntary liquidation (MVL) and where/when is it typically used?Before the members can vote on a
Commercial Property Standard Enquiries (CPSEs) are industry standard pre-contract enquiries used in commercial property transactions. CPSEs are endorsed by the British Property Federation and are free to use. The CPSEs include specific environmental enquiries at enquiry 15 and there are several
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
For guidance on the basic features of the doctrine of estoppel and the different classifications it has been subject to, see Practice Note: Estoppel—what, when and how to plead and related content.Promissory estoppel—what is it?Where A has, by words or conduct, made to B a clear and unequivocal
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