When two parties have entered into a contract, one party cannot unilaterally change the terms of the agreement. However, it is common during an agreement for parties to agree to a variation to the terms of the original agreement. A variation must fulfil the requirements governing the formation of a contract in order to be legally enforceable and a variation can only be made in respect of obligations of one of the parties which are as yet unperformed. See also Claim.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.