Saturday, January 29, 2011

Pen and Ink Changes


When a change is required to an Agreement sent for signature, sometimes a party will strike out or write in changed language and initial it. Assuming that you agree with the change, the cleanest way to manage these changes is to re-generate the Agreement with the changes included and have it re-signed. It is legal to make pen and ink changes. All pen and ink changes to the Agreement must be initialed by both of the individuals who are signing the Agreement at each point where a pen and ink change has been made. If only one party initials a change, the change has not been agreed upon.

A pen and ink change by one party would, under contract law, be considered a counter offer. If it is accepted by both parties initialing it, the agreement is formed with the change being part of the agreement. If its not initialed by both the parties, the counter offer has not been accepted and agreement has not been formed as there is not a meeting of the minds. 

Initialing all Pages


If there is any concern about the integrity of the Supplier, you may want to take the additional step of having both parties initial each page of the Agreement, Attachments, Exhibits and all other documents that make up the Agreement. This prevents the unscrupulous Supplier from removing a page and substituting another page with different content.  

1 comment:

  1. Enter your shipping address here so I can send your new Tactical Defense Tool. We’ve got 250 of this new hardened steal Tactical Pen available and we’re giving them all away for free.

    Be warned: Our last giveaway lasted just 7 hours!

    >> Get your free Tactical Defense Pen

    What is it? It’s a discreet, compact and easy to carry pen that’s solid enough to pack a brutal blow that will knockout any attacker. Plus, it’s a fully functional pen you’re going to use every day.

    It’s the perfect “Every Day Carry” for guys and gals!

    But you need to act now because the last giveaway only lasted 2 hours before stock was completely gone.

    Stay Safe,

    Your friend in survival,

    P.S. Over 1250 STRIKEPENS have already been shipped out so these last 100 won’t last long!

    >> Get your STRIKEPEN™ while they’re available <<

    P.P.S. Just so you know, the last 100 have been reserved for our subscribers only (This means YOU!) So, don’t miss your chance because they’re going to go very fast!

    ReplyDelete