Document background
An Amended and Restated Agreement is utilized when parties need to substantially modify an existing agreement while maintaining certain original terms. This document type is particularly relevant under Danish law when significant changes to commercial arrangements necessitate a clear restatement of all terms, both modified and unchanged. It serves to consolidate the original agreement and all subsequent amendments into a single, comprehensive document, improving clarity and reducing the risk of interpretational conflicts. The document should be used when the number or extent of amendments would make simple amendments cumbersome or unclear, or when parties wish to have a single reference point for their obligations. It's commonly used in commercial contexts where ongoing business relationships require evolution of terms while maintaining contractual continuity.
