As per original agreement – Why this phrase matters in business
A business agreement is a formal contract that outlines the terms and conditions of a partnership, sale, or exchange. Often, an agreement is the result of a lengthy negotiation process between two or more parties. Once the agreement is signed, it serves as a legal document that binds the parties to follow the terms outlined within it.
One of the most important phrases in any agreement is “as per original agreement.” This phrase indicates that the parties involved will adhere to the terms that were initially agreed upon. This means that any changes or modifications must be made through a formal process, such as an amendment to the original agreement.
The phrase “as per original agreement” is critical in preventing disputes between parties. It ensures that all parties are aware of their obligations and responsibilities under the agreement. By adhering to the original terms, the parties are prevented from making changes without the other party`s knowledge or consent.
Another benefit of the phrase “as per original agreement” is that it provides clarity to all parties involved. It ensures that there is a mutual understanding of what is expected from each party. This helps to eliminate any confusion or misunderstandings that can lead to disputes.
In addition, including this phrase in an agreement strengthens the legal standing of the contract. It provides a clear and concise reference point that can be used in the event of a legal dispute. The phrase can be used to demonstrate that the parties agreed to specific terms and that any modifications were made according to the agreed-upon process.
In conclusion, the phrase “as per original agreement” is a critical component of any business agreement. It ensures that all parties adhere to the terms that were initially agreed upon and helps to prevent disputes. As a professional, it`s essential to understand the significance of this phrase and ensure that it`s used correctly in any relevant contracts. The use of this phrase can help to provide clarity, prevent misunderstandings, and strengthen the legal standing of a contract.