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Editing Contracts/Collateral contract
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A '''collateral contract''' is usually a single term [[contract]], made in [[consideration]] of the party for whose benefit the contract operates <!-- i almost inserted a comma here, but i realized at the last minute that the lack of a comma may have been intentional. Ambiguity is better than than an unambiguous error.... right? ????? --> agreeing to enter into the principal or main contract, which sets out additional terms relating to the same subject matter as the main contract.<ref>Aherns Lawyers, [http://www.ahernslawyers.com.au/latest-news/contracts-collateral-inconsistent/ Contracts Collateral & Inconsistent]</ref> The collateral contract co-exists side by side.{{vague|reason= gosh, {{sarcasm|IANAL, so does that mean laying them next to each other on the table is ''not'' good enuf? I mean, do they have to be stapled at 3 points, left edge to right edge? Or is top-right-corner to top-left-corner sufficient?}} |date=March 2018}} For example, a collateral contract is formed when one party pays the other party a certain sum for entry into another contract. A collateral contract may be between one of the parties and a third party. | A '''collateral contract''' is usually a single term [[contract]], made in [[consideration]] of the party for whose benefit the contract operates <!-- i almost inserted a comma here, but i realized at the last minute that the lack of a comma may have been intentional. Ambiguity is better than than an unambiguous error.... right? ????? --> agreeing to enter into the principal or main contract, which sets out additional terms relating to the same subject matter as the main contract.<ref>Aherns Lawyers, [http://www.ahernslawyers.com.au/latest-news/contracts-collateral-inconsistent/ Contracts Collateral & Inconsistent]</ref> The collateral contract co-exists side by side.{{vague|reason= gosh, {{sarcasm|IANAL, so does that mean laying them next to each other on the table is ''not'' good enuf? I mean, do they have to be stapled at 3 points, left edge to right edge? Or is top-right-corner to top-left-corner sufficient?}} |date=March 2018}} For example, a collateral contract is formed when one party pays the other party a certain sum for entry into another contract. A collateral contract may be between one of the parties and a third party. | ||