Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / research-memo-written-modification-clauses.docx
research-memo-written-modification-clauses.docx
Parties
HARKNESS LLP
Penterra Pharmaceuticals Corp
M. Rourke
Polk LLP
Cambridge Biotech Corp
Boston Kenmore Realty Corp
Dates
February 11, 2022
July 1, 2017
January 12, 2018
September 14, 2020
June 30, 2022
June 30, 2024
March 8, 2021
March 22, 2021
October 18, 2021
November 2, 2021
Amounts
$6.4
$35
Obligations
3 of the EDA further provides: "Distributor shall not actively solicit orders for, or deliver, the Products outside the Territory without Supplier's prior written consent
1 of the EDA (captioned "Amendments") states: "No amendment, modification, or waiver of any provision of this Agreement shall be effective unless set forth in a written instrument signed by both parties
2 of the EDA provides that the Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts, without regard to its conflict-of-laws principles
Third, the court noted that enforcing written-modification clauses deters disputes about whether an agreement was informally modified, because it establishes a clear, verifiable standard (a signed writing) that must be met before any modification takes effect
It imposes two conjunctive requirements: (i) the modification must be set forth in a written instrument, and (ii) the written instrument must be signed by both parties
Both requirements must be satisfied for a modification to be effective