Binding Financial Agreement
Hi Mentor,
Once a Binding Financial Agreement is entered into, can it be reversed or changed if both the parties agree?
Thank you
Thank you for the question.
A binding financial agreement cannot be amended.
If the parties wish to alter the terms of the agreement, then it must be terminated and a new financial agreement entered into. You will find a library of termination agreements in folder G on the Financial Agreements matter plan.
Regards
Mentor
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