Side Letter (To Contractor / Consultancy Agreement)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🧑🏫 Consultancy AgreementBusiness activity
Induce client companyA consultancy agreement is a contract between a consultant and a client, in which the consultant agrees to provide services to the client. The agreement should specify the nature of the services to be provided, the terms of payment, and the duration of the agreement.
In many cases, a contractor or consultancy agreement may need certain additional terms or amendments to cater to unique circumstances, specific project requirements, or changes in the business relationship between the parties involved. The Side Letter serves as a legally binding document that outlines and formalizes any supplementary clauses, terms, or revisions to the original agreement.
This legal template typically covers a range of topics, including but not limited to:
1. Scope of Work: It clarifies the specific tasks, deliverables, and responsibilities of the contractor or consultancy, ensuring that no confusion arises regarding the agreed-upon services.
2. Compensation and Payment Terms: The Side Letter may address any adjustments or modifications to the payment structure, rates, or invoicing procedures as per the parties' mutual agreement.
3. Timeline and Duration: It may specify any changes to the project duration, deadlines, or milestones, ensuring that both parties are on the same page regarding the expected timeline.
4. Confidentiality and Intellectual Property: If there are any unique requirements pertaining to the confidentiality of sensitive information or ownership rights of intellectual property, these can be detailed in the Side Letter.
5. Termination Clause: The Side Letter may define termination conditions or any amendments to the original agreement's termination provisions, outlining the circumstances under which either party can terminate the contract.
6. Dispute Resolution: It may outline any modifications to the dispute resolution mechanism, such as alternative dispute resolution methods or the inclusion of specific jurisdictional requirements.
By utilizing this Side Letter template, both the contractor or consultancy and the contracting party can ensure that any necessary modifications or additional agreements are accurately documented and comply with UK legal standards. This not only provides clarity and legal protection, but also helps foster a more transparent and communicative business relationship between the parties involved.
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