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side letters

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side letters (leases)

Written agreements that vary the terms of a lease. All contracts for the purchase of income-producing property should provide for full review of leases and any side letters before closing.



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[ILLUSTRATION OMITTED] The tricks included secret side letters that would have precluded the deal from being recognized as revenue and investing in shaky companies that would use the money to Patel buy products from Cabletron and its spinoffs.
The adjustment would take the form of side letters so that there would be no renegotiation of other sections of the pact.
SIDE LETTERS OR SIDE AGREEMENTS Side letters or side agreements have been shown to amend the original contract by altering payment terms or granting additional rights to the buyer.
 
 
 
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