How To Renegotiate A Contract

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How To Renegotiate A Contract
How To Renegotiate A Contract

Video: How To Renegotiate A Contract

Video: How To Renegotiate A Contract
Video: When to renegotiate a contract 2024, December
Anonim

One of the ways to change the current agreement is to terminate it and conclude a new one with a statement of its clauses, which have ceased to suit in the new edition, with the exception of certain positions and the addition of new ones. Everything from the specific situation and the reasons that caused the need for a new document: its inconsistency with legislation, a change in the market situation or others.

How to renegotiate a contract
How to renegotiate a contract

Necessary

  • - current contract;
  • - computer;
  • - Printer;
  • - access to the Internet;
  • - communication means, depending on the situation: telephone, fax, instant messaging programs and voice communication via the Internet, etc.

Instructions

Step 1

The procedure for terminating an existing contract is usually initially spelled out in its text. For a typical contract, which is usually concluded for a year with automatic renewal for the same period, this is usually a written notice of termination. One of the parties must send it to the other in advance. As a rule, in a month.

The renegotiation of the contract is usually preceded by verbal agreements between the parties. But this does not negate the need to comply with all the formalities.

If the contract needs to be terminated urgently, the problem can be solved by an additional agreement to it. In this document, sealed by the signatures of both parties, the period from which the contract is terminated is prescribed.

Step 2

The existing one is usually taken as the basis for a new contract. But the necessary changes are being made to its text. Most often, one of the parties is engaged in this. And the second one gets acquainted with the document in the new edition, making corrections if necessary.

When the parties come to a mutually acceptable version of the agreement, it remains to sign it. This may require a personal meeting of their representatives in the office of one of the parties or on neutral territory. But there are also alternatives.

It is very often practiced to exchange scans of a contract signed by each from his side and originals by mail or through a courier.

Step 3

There is also a way to amend the current agreement without terminating it. To do this, it is enough to draw up and sign an additional agreement. This document sets out in a new edition all the provisions of the agreement that required changes.

The period from which the changes come into force is also stipulated, if necessary - the invalidity of the provisions of the agreement in the previous edition. It should also be emphasized that the agreement is an integral part of the current agreement (that is, without it, the document is not valid).

The supplementary agreement, like the contract, must contain all the details (legal and actual addresses, OGRN, the main OKVED code, TIN, banking information) and the signatures of the parties.

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