Deed Of Variation
Deed Of Variation
I. Parties
This Deed of Variation ("Deed") is made on the [Date], between:
[Your Company Name], a company registered under the laws of [Jurisdiction], with its registered office located at [Your Company Address] (hereinafter referred to as "Original Party"),
and
[Counterparty Name], a company registered under the laws of [Jurisdiction], with its registered office located at [Counterparty Address] (hereinafter referred to as "Counterparty").
Collectively referred to as the "Parties" and individually as a "Party".
II. Background
Whereas, the Parties entered into a certain agreement ("Agreement") dated [Date of Original Agreement], whereby they agreed to certain terms and conditions.
Whereas, the Parties desire to modify and amend certain provisions of the Agreement under the terms set forth herein.
III. Variation
Now, therefore, in consideration of the mutual promises and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
3.1 Amendment of Agreement:
The Agreement shall be hereby amended as follows:
-
Section 3.1 (Payment Terms) shall be amended to extend the payment period from 30 days to 45 days.
-
Section 5.2 (Confidentiality) shall be amended to include additional provisions regarding data protection regulations.
3.2 Effective Date:
This Deed shall become effective as of [Date] ("Effective Date").
3.3 Continuation:
Except as expressly modified herein, all other terms and conditions of the Agreement shall remain unchanged and in full force and effect.
IV. Miscellaneous:
4.1 Governing Law:
This Deed shall be governed by and construed under the laws of [State].
4.2 Counterparts:
This Deed may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute the same instrument.
4.3 Entire Agreement:
This Deed constitutes the entire agreement between the Parties about the subject matter hereof and supersedes all prior and contemporaneous agreements, representations, and understandings of the Parties.
V. Execution of Deed
IN WITNESS WHEREOF, the Parties hereto have executed this Deed as of the date first above written.
[Your Name]
[Date]
[Counterparty Name]
[Date]
