Written Agreement Override: What You Need to Know
When it comes to legal agreements, written contracts are often considered the gold standard. These documents are created to ensure that all parties involved are on the same page and understand their obligations and responsibilities. However, what happens when a verbal agreement is made that contradicts the terms of a written agreement? This is where the concept of a “written agreement override” comes into play.
So, what exactly is a written agreement override? Simply put, it`s a provision that allows for any verbal agreements made between the parties to override the terms of a written contract. This provision is typically included in the contract itself and can be useful in specific situations where the parties involved need to make changes to the original agreement.
For example, let`s say two parties have signed a written contract that outlines a payment schedule for services rendered. However, due to unforeseen circumstances, the party providing the services is unable to fulfill their obligations according to the agreed-upon timeline. In this case, the parties involved may come to a verbal agreement that allows for a modified payment schedule without having to renegotiate the entire written contract.
It`s important to note that a written agreement override provision should only be used in specific circumstances where the parties involved have reached a mutual understanding. The provision should be clearly stated in the contract, with specific guidelines for when it can be enforced. Additionally, any verbal agreements made should be documented and agreed upon by all parties involved.
There are some potential risks associated with using a written agreement override provision. For example, if the verbal agreement is not clearly documented or if one party reneges on their verbal commitment, there may be legal consequences. As such, parties should only use this provision when absolutely necessary and should consult with legal counsel before doing so.
In summary, a written agreement override provision can be a useful tool for parties involved in a legal contract to adjust the terms of their agreement. However, this provision should only be used in specific circumstances, with clear guidelines for when it can be enforced. Additionally, parties should document any verbal agreements made to avoid potential legal issues down the line.