Document background
The Overagreement serves as a master framework agreement under Dutch law, designed for situations where parties anticipate multiple future transactions or ongoing business relationships. It establishes the foundational terms and conditions that will govern subsequent specific agreements, eliminating the need to negotiate basic terms for each transaction. This document type is particularly valuable for businesses engaging in regular commercial interactions, as it streamlines the contracting process while ensuring consistency across all agreements. The framework includes essential provisions required under Dutch law, such as those from the Burgerlijk Wetboek (Dutch Civil Code), while maintaining flexibility to accommodate various types of specific agreements. It typically contains detailed mechanisms for creating subsequent agreements, general commercial terms, governance structures, and risk allocation provisions.
