Supplementary Agreement is an agreement that modifies agreement by adding some conditions in previous agreement.This agreementis generally used to supplement some other agreement already in existence. 

This agreement is sometimes used as a means of allowing the existing agreement to remain in place with the same ending date, while adding or removing some provisions or terms to the working relationship. A supplemental agreement is often best solution when there is no desire to negotiate an entirely new contract to take the place of the current agreement.

With this approach, any terms and provisions that are not specifically addressed in the text of the supplemental agreement remain intact, and are considered binding for the duration of the modified contract.

Supplementary agreements can be registered but the supplementary agreements are made when there are changes as what you have mentioned.Even the unregistered supplementary agreement will have the same contents; hence for now you can have the letter head contents and secure them so that it can be used for defending your interests in future.

Benefit:

• Useful tool in updating existing contracts without the need to go through the process of essentially starting a whole new agreement.

Use:

• Assign the contract changes from one entity to another.
• Change the legal name of the contractor, or
• Settle disputes involving a Surety.

Contents of Supplementary Agreement:

Contents of Supplementary Agreement are depends on the type of agreement which you have to supplement.

For Example.

Contents of Supplementary Partnership Deed are

• Details about the addition of new partners (if any)
• Capital contribution of the new partner
• Mode of the capital contribution made –either through cash, asset, or another form
• Details regarding loss sharing ratio, profits, and others
• Roles as well as the responsibilities of the new partner
• Duties of the new partner

Negotiation Strategy

Negotiation strategies in a typical supplementary contract might be required in some specific cases –especially when some major changes are required to be made to the contract. Making any desired change to the contract is a straightforward process. All you are required to do is to pass a specific resolution that approves the revision of the given agreement. The second step is to file Form 3 with the particular registrar within 30 days of the contract’s amendment.

1. Once you create draft you have to Upload your required documents for Creating MOU Draft or You can email us documents for uploading.
2. After sucessfully uploading all required documents our team will make all preparation of your legal documentation as per requirement of government laws and rules.
3. Then We will send you all this legal documentation for confirmation.
4. Once the documents are confirmed Then make the payment of government stamp duty registration and all needed as per requirement.
5. Then our team fix the appointment with government official.
6. Our legal team will execute and represent your document with all parties and witnessess infront of government authority.
7. Legal team will give you the preapproved registered document to read and finalize before done registration.
8. Taking the photo and thumb impression of all parties, witnesses infront of authority.
9. Our legal team doing the process of stamping carefully.
10. Afterward Deliever you final legal document in 2-3 working days.