Variation agreement

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

  • Variation agreement
  • Background
  • 1 Definitions and interpretation
  • 2 Consideration
  • 3 Amendments to the contract
  • 4 Guarantor acknowledgment and consent
  • 5 Guarantor confirmation
  • 6 Contract in full force and effect
  • 7 Confirmation and incorporation
  • 8 Governing law
  • More...

Variation agreement

This Agreement is made on [date]

Parties

  1. 1

    [insert name of party] [of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at] [insert address] (Party A); [and]

  1. 2

    [insert name of party] [of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at] [insert address] (Party B)[, OR ; and]

  1. 3

    [[insert name of party] [of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at] [insert address] (Guarantor),]

each of [Party A and Party B OR Party A, Party B and the Guarantor] is a party and together [Party A and Party B OR Party A, Party B and the Guarantor] are the parties.

Background

    1. (A)

      This Agreement is supplemental to the Contract (as defined below).

    1. (B)

      In accordance with clause [insert variation clause reference] of the Contract, each party has agreed to amend the Contract as set out in this Agreement.

    1. (C)

      [Under the Guarantee (as defined below), the Guarantor agreed to guarantee certain obligations of Party B.]

    1. (D)

      [The Guarantor is entering into this Agreement as confirmation of its consent to the variations to the Contract as set out in this Agreement.]

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        In this Agreement:

        Contract

        1. means the contract entered into by [Party A and Party B

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