By / bintoromover
Letter Of Agreement Betekenis
If the relationship is long-term, many companies require that their letter of commitment be updated annually and resigned by the customer. This allows changes in the business relationship over time and strengthens the legal position of the document. It also reminds the customer of the scope of the agreement and can prevent Scope Creep. An order letter is also used to limit the company`s level of performance. For example, when a person or company uses the services of a lawyer, the letter may describe the specific purpose or area in which their services may be used. Specific disclosures are the possibility for the seller to disclose concrete facts that, if not disclosed, would constitute a breach of warranty. Specific data is made with reference to the guarantees themselves.