A side letter agreement is a supporting document added to an existing contract that serves to clarify or support certain terms within. The side letter agreement makes it easy for contract parties to provide clarifying or supporting information to the existing agreement, which eliminates the need to draw and sign a new contract. The side letter agreement can make it possible for an existing agreement to become more legally enforceable versus the existing language within.
The purpose of the side letter agreement is to eliminate the need to draft a new contract to be more clear than an existing one.
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