How can the Agreement be modified?

The correct approach to modifying the Agreement is through a written instrument executed and approved in the same manner as the original Agreement. This ensures that any modifications are documented formally, providing clarity and legal enforceability. Written modifications help maintain a clear record of the agreed-upon changes, minimizing misunderstandings between the Parties and ensuring that both are fully aware of their rights and obligations following the modifications.

Using a verbal agreement, email notification, or mutual consent without documentation lacks the formal structure and legal recognition that a written modification provides. Verbal agreements can lead to ambiguity and disputes, as they may not be easily verifiable. Email notifications do not establish the same level of formality required for significant changes to an Agreement. Similarly, informal mutual consent without formal documentation could lead to issues regarding accountability and clarity, which could ultimately complicate the enforcement of the Agreement.