Side Agreements are essential legal instruments in Maltese commercial practice, used when parties need to modify or supplement an existing agreement without overhauling it entirely. This document type is particularly valuable when circumstances change after the execution of a main agreement, or when parties need to clarify certain terms or add new provisions without disturbing the primary contract structure. The Side Agreement must comply with Maltese law, including the Civil Code (Chapter 16) and relevant EU regulations applicable to Malta. It typically includes provisions that establish its relationship with the main agreement, specify modifications or additions, and address confidentiality concerns. This document type is commonly used in various scenarios such as adjusting payment terms, adding services, modifying performance obligations, or accommodating regulatory requirements.
Side Agreement for Malta
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Key Requirements PROMPT example:
Side Agreement
"I need a Side Agreement to modify the payment terms in our existing service agreement with TechCorp Malta Ltd, changing from quarterly to monthly payments starting from March 1, 2025, while keeping all other terms unchanged."
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1. Parties: Identification of all parties to the side agreement (must match or be a subset of the main agreement's parties)
2. Background: Context of the side agreement, including reference to the main agreement and reason for the side agreement
3. Definitions: Key terms used in the agreement, including cross-reference to definitions in the main agreement where applicable
4. Relationship with Main Agreement: Clear statement of how this side agreement relates to and affects the main agreement
5. Scope of Modification: Specific details of what aspects of the main agreement are being modified, supplemented, or clarified
6. Duration: Term of the side agreement and whether it survives the main agreement
7. Confidentiality: Provisions regarding the confidential nature of the side agreement and its terms
8. Governing Law: Confirmation that Maltese law governs the agreement
9. Entire Agreement: Integration clause explaining relationship with main agreement and any other related documents
10. Execution: Signature blocks and execution requirements
1. Payment Terms: Include when the side agreement involves financial adjustments or new payment arrangements
2. Performance Modifications: Include when modifying specific performance obligations from the main agreement
3. Additional Services: Include when the side agreement adds new services or deliverables
4. Regulatory Compliance: Include when the side agreement is necessary for regulatory or compliance purposes
5. Third Party Rights: Include when the side agreement affects or creates rights for third parties
6. Dispute Resolution: Include when different dispute resolution mechanisms are needed from the main agreement
7. Force Majeure: Include when adding or modifying force majeure provisions
8. Insurance: Include when modifying insurance requirements
9. Intellectual Property: Include when dealing with IP rights not covered in the main agreement
1. Schedule 1 - Modified Terms: Detailed list of specific terms being modified from the main agreement
2. Schedule 2 - Original Clauses: Reference copy of original clauses from main agreement being modified
3. Schedule 3 - Additional Services: Detailed description of any additional services or obligations
4. Schedule 4 - Pricing Schedule: Modified or additional pricing terms if applicable
5. Appendix A - Required Notices: Forms of notices or communications required under the side agreement
6. Appendix B - Authorization Documents: Copies of corporate authorizations or powers of attorney
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Information Technology
Manufacturing
Real Estate
Professional Services
Healthcare
Telecommunications
Construction
Energy
Retail
Maritime
Gaming
Insurance
Transportation
Hospitality
Relevant Teams
Legal
Finance
Compliance
Commercial
Operations
Risk Management
Business Development
Procurement
Corporate Secretariat
Contract Administration
Relevant Roles
Legal Counsel
Contract Manager
Commercial Director
Chief Financial Officer
Chief Executive Officer
Compliance Officer
Risk Manager
Business Development Manager
Project Manager
Operations Director
General Counsel
Corporate Secretary
Finance Manager
Procurement Manager
Account Executive
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