Side letters remain valuable tools to keep them secret or circumvent contractual provisions. If they do not deserve their dark reputation, they certainly deserve special attention. If you need a secondary letter for business reasons, contact me – or maybe we can help you with other legal advice or contracts? Accessory letters are often used to confirm additional details that are not known at the time of completion of the main documents or to clarify certain points. Note that defined terms are not printed in bold, which is a good practice (unlike the definition of normal chords). Many authors of a correspondence agreement refer to the sender as we do and to the recipient as you; It is not necessary. (Note that the introductory sentence began this way for ease of reading. It is appropriate to return to the concept we and you in the last sentence.) The reference to us can even be ambiguous if “we” could also refer to “both parties”. It is more appropriate to designate the parties or to designate them according to their respective functions. The notions of the content of a correspondence agreement are usually not divided into articles and subsections, except that a subdivision into paragraphs with simple numbers is often useful.
Substantive provisions may contain different provisions, such as. B a choice of law and a choice of jurisdiction. The final sentence could be as follows: side letters. In an M&A transaction, correspondence agreements are sometimes referred to as secondary mail. They are agreed in conjunction with a series of transactional documents. Sometimes, when a sales contract is not such as to address an agreement between the parties, side letters are used. A subsidiary letter would raise a topic; a transaction may therefore include several side letters. Subsidiary letters often refer to a highly sensitive object that is not intended to circulate among all persons involved in the preparation or completion of the transaction. In the context of an M&A transaction, side letters could relate to pension schemes or an agreement between the parties on the remedies they are prepared to accept when they submit the transaction to the competition authorities for approval (if the inclusion of such an agreement in an acquisition contract may, in error, encourage the competition authority to seek such a remedy). .