Interagreement is a term that is commonly used in legal, business, or contractual contexts. It refers to a formal agreement or contract that is entered into between two or more parties who are already bound by an existing agreement or contract. In other words, interagreement is an additional agreement that is made to further specify or adjust certain terms and conditions of an existing agreement.
This type of agreement is typically made when the parties involved in the original agreement wish to make changes, modifications, or amendments to the terms that were initially agreed upon. It allows the parties to address new issues or circumstances that have arisen since the original agreement was made, without needing to terminate the original agreement entirely.
The purpose of an interagreement is to ensure that any changes or modifications made are legally binding and enforceable. It helps the parties involved in the agreement to maintain clarity, transparency, and consensus on the revised terms.
An interagreement may cover various aspects, such as adjustments to payment terms, the introduction of new provisions, changes in responsibilities, or any other modifications needed to accommodate evolving circumstances. It requires mutual consent and the agreement of all parties involved to be valid.
Overall, interagreement serves as a legal instrument that facilitates flexibility and adaptability within existing agreements, enabling the parties to make adjustments while maintaining the overall integrity of the original agreement.
