A supplementary agreement is an additional contract that accompanies another agreement, providing further details or modifications to the original terms. It’s akin to adding an extra feature to a previously purchased toy. Occasionally, individuals may enter into agreements that are deemed unjust or unreasonable, known as unconscionable agreements. However, if both parties agree to the terms of a contract and it is deemed fair, it is considered a valid agreement.
A supplemental agreement, also referred to as a side agreement, is an additional agreement that is made between two or more parties in order to add to or modify an existing agreement. This can be seen in various scenarios, such as when two parties have a contract for the sale of a car and later decide to include a supplemental agreement that outlines additional terms like a warranty or payment plan. In the context of international trade, a side agreement may be negotiated to complement a broader trade treaty. For example, while NAFTA does not address labor standards or environmental protection, two separate side agreements were negotiated to cover these areas and enhance the appeal of the treaty to the ratifying bodies.
A supplemental agreement is a document that is added to an existing contract to modify or add terms and conditions.
A supplemental agreement is necessary when there is a need to make changes to an existing contract, such as adding new terms, extending the duration of the contract, or modifying existing terms.
While oral agreements can be legally binding in some cases, it is always best to have any changes to a contract documented in writing to avoid misunderstandings or disputes.
Yes, for a supplemental agreement to be valid, it must be signed by all parties involved in the original contract.
Yes, a supplemental agreement can be used to cancel or terminate an existing contract if both parties agree to the cancellation terms.
A supplemental agreement should clearly outline the changes being made to the original contract, including any new terms, modifications, or additions.
Yes, a supplemental agreement can be used to resolve disputes by modifying the terms of the original contract to address the issues at hand.
Yes, a properly executed supplemental agreement is legally binding and enforceable in court.
Yes, a supplemental agreement can be used to add new parties to an existing contract, as long as all parties involved agree to the addition.
Yes, a supplemental agreement can be used to extend the duration of a contract by adding new terms or modifying the existing expiration date.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 16th April 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/supplemental-agreement/
- Modern Language Association (MLA):Supplemental Agreement. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/supplemental-agreement/.
- Chicago Manual of Style (CMS):Supplemental Agreement. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/supplemental-agreement/ (accessed: May 09 2024).
- American Psychological Association (APA):Supplemental Agreement. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/supplemental-agreement/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts