Document background
The Side Agreement is a crucial legal instrument in South African commercial practice, designed to accommodate changes or additions to existing contractual relationships without the need to redraft entire agreements. It is typically used when parties need to modify specific terms, add new provisions, or clarify existing clauses in a main agreement while keeping the original contract intact. This document type is particularly valuable in complex business transactions where flexibility is required, or when circumstances change after the original agreement is signed. The Side Agreement must comply with South African contract law principles and relevant sector-specific regulations. It's commonly used in situations involving price adjustments, scope changes, deadline extensions, or the addition of new parties to an existing arrangement.
