Law On Supplemental Agreements
When a contractor changes his legal name, he must inform the department so that an incomplete contract can be amended to reflect the new legal name. An endorsement is used to implement the contract amendment. If the endorsement is independent and separate from the original agreement, the actual content of the dispute should be considered— whether the dispute arises or is related to the content of the original agreement or endorsement, the dispute settlement clause must be decided. While disputes at the same time deal with the content of the original and complementary agreement, it remains unclear what method of dispute resolution should be adopted. a) Both agreements have identical arbitration clauses The name of this type of contract is quite self-explanatory. In a compensation agreement, the parties indicate the amount paid to the other party in compensation for the completion of a deed. Because the compensation agreement is designed to be the subject of a currency change, these agreements generally contain a detailed payment schedule and how payments are made. (b) The original agreement has a compromise clause, while the endorsement is not from the point of view of drafting the contract, both the original agreement and its addition have specific and specific provisions on dispute resolution. In the meantime, it is strongly recommended that the original agreement and its endorsement contain the same dispute settlement clause in order to avoid legal challenges. If the dispute settlement clause of the original agreement differs from that of the endorsement, the legal challenge can be easily invoked by the parties— especially where the contractual disputes concern the content of the two agreements. The exercise should also take into account the different outcomes of arbitration procedures and court proceedings before the dispute resolution mechanism is chosen.
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