The Deed of Variation Contract is a crucial legal instrument in Irish commercial and property law, used when parties need to formally modify an existing agreement without creating an entirely new contract. It's particularly relevant when the original agreement is executed as a deed or when the variations themselves need the formality of a deed. This document type requires strict adherence to Irish legal requirements for deed execution, including proper witnessing and sealing where applicable. The deed must clearly identify the original agreement, specify the exact variations being made, and confirm the continuing validity of unchanged terms. Common uses include modifying property agreements, commercial contracts, trust deeds, and financial agreements. The document typically requires careful consideration of stamp duty implications and potential registration requirements under Irish law.
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Key Requirements PROMPT example:
Deed Of Variation Contract
"I need a Deed of Variation Contract to modify the payment terms and extend the completion date to March 15, 2025, in our existing commercial lease agreement with TechSpace Limited, including provisions for quarterly instead of monthly payments."
1. Parties: Identifies all parties to the deed of variation, including their full legal names, addresses, and company details if applicable
2. Background: Recitals explaining the context of the original agreement, reason for variation, and confirmation that all parties agree to the variation
3. Definitions: Defines key terms used in the deed, including reference to definitions in the original agreement
4. Interpretation: Sets out rules for interpreting the deed, including relationship with original agreement
5. Variation: Details the specific clauses being varied and how they are being changed
6. Confirmation: Confirms that all other terms of the original agreement remain in full force and effect
7. Costs: Specifies who bears the costs of preparing and executing the deed of variation
8. Governing Law: Confirms Irish law as governing law and jurisdiction
9. Execution: Formal execution blocks meeting Irish law requirements for deeds
1. Effective Date: Used when the variations take effect on a different date than the execution date
2. Conditions Precedent: Include when variations are subject to certain conditions being met
3. Third Party Rights: Required when variations affect rights of third parties to the original agreement
4. Tax Provisions: Include when variations have specific tax implications that need to be addressed
5. Registration Requirements: Include when the variation requires registration with specific authorities
6. Consents: Include when third party consents are required for the variations
7. Future Variations: Optional provisions regarding process for any future variations
1. Schedule 1 - Original Agreement: Copy or summary of the original agreement being varied
2. Schedule 2 - Variations: Detailed table showing original clauses and new variations side by side
3. Schedule 3 - Required Consents: List of all required consents and their status
4. Appendix 1 - Amended Agreement: Clean copy of the agreement incorporating all variations
5. Appendix 2 - Supporting Documents: Any relevant supporting documents or certificates referenced in the variation
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Relevant Teams
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Finance
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Relevant Roles
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Company Secretary
Commercial Director
Risk Manager
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Real Estate Manager
Finance Director
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Project Manager
Corporate Lawyer
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