You may have an existing contract in place that requires amendment, especially if the contract was made a long time ago. There are many reasons to change terms within a contract. Circumstances from a typographical error, a provision that is no longer relevant or required, a provision that needs to be replaced or added which was not known at the time of signing the contract.
A Deed of Variation is the way to formally record any updates to contracts and re-affirm the terms of the original contract. This ensures that all parties are on the same page and that the contract is valid and up to date.
If you have any questions about varying the terms of your contracts, please call one of our qualified lawyers on 1300 272 878 for your free 15 minute consultation.