DEED OF VARIATION

DEED OF VARIATION

One small change can save an entire deal if it is done the right way.

A Deed of Variation is a legal Agreement/Contract used when parties want to adjust specific terms of an existing property or business Agreement without cancelling the whole Agreement.

Instead of cancelling everything and starting afresh, a Deed of Variation amends the particular clauses that need to change while keeping the remaining provisions intact and binding.

In business and property transactions, circumstances evolve, payment timelines may need adjustment, duties may change and certain parts may become impracticable.

So rather than create confusion, conflict or more expenses by drafting a brand-new Agreement, a Deed of Variation allows the parties to refine their arrangement.

This saves time, cost and preserves the original structure of the transaction while legally reflecting the new understanding of the parties.

But this is not a document to improvise. A poorly drafted Deed of Variation can contradict the original Agreement, create ambiguity or render the contract unenforceable.

That is why it is best prepared by an experienced Property and Business Lawyer who understands how to properly align the amended clauses with the existing document.

When properly drafted, a Deed of Variation protects the integrity of your transaction while adapting it to present realities.

Vary the right way.

__________________
APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates and Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls and Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com.