Alteration, Modification and Variation Clause Samples
The Alteration, Modification and Variation clause defines the process by which changes to the terms of an agreement can be made. Typically, this clause requires that any amendments or modifications to the contract must be agreed upon in writing and signed by all parties involved, ensuring that informal or verbal changes are not legally binding. Its core practical function is to maintain clarity and prevent disputes by ensuring that all parties are aware of and consent to any changes to the original agreement.
Alteration, Modification and Variation. 29.1 Without limiting any of the Bank’s rights, the Bank shall be entitled to amend, add to, vary the terms, fees and charges and/or introduce new terms, fees and charges in the Agreement from time to time by giving twenty one (21) days or such other number of days prior notice to you. Such amendment(s), addition(s) and/or variation(s) shall take effect from the date stated in the notice. If you do not accept any such amendments, additions and/or variations, you shall forthwith discontinue making use of the relevant Services and/or operating the Account(s), and terminate the Wealth Account and Products and Services in accordance with termination clauses in this Agreement.
29.2 If you continue to make use of the Services (including and not limited to holding, transacting in and/or subscribing for Products after such notification) in the Agreement and/or operate the Account(s), you shall be taken to have agreed to all the amendments, additions and/or variations of terms applicable without reservation or modification.
29.3 The Bank may notify you of any changes to the Agreement by any means below:
(a) publishing such changes in the statements to be sent to you ;
(b) displaying such changes at the Bank’s branches or automated teller machines;
(c) posting such changes on the Bank’s website;
(d) electronic mail or letter;
(e) publishing such changes in any newspapers; or
(f) such other means of communication as the Bank may determine in its absolute discretion.
Alteration, Modification and Variation. 27.1 Without limiting any of the Bank’s rights, the Bank shall be entitled to amend, add to, vary the terms, fees and charges and/or introduce new terms, fees and charges in the Agreement from time to time by giving twenty one