Side Letter Agreement Meaning

In that situation, the subsidiary letter would not be valid and, in addition, would expose the parties to the subsidiary letter and the professional author to sanctions. A subsidiary letter is a document that is usually used as a supplement to a contract. Accessory letters are often used to confirm additional details that are not known at the time of completion of the main documents or to clarify certain points. Some of them apply to all agreements (I), others concern only certain agreements (II). If you want to change the contract without a secondary letter before or after, changes to the contract could lead to the recasting of other clauses and, as a result, the parties may find themselves in a situation where many conditions need to be reformulated, which could prove tedious and very expensive…