Statement Of Agreement for the United Kingdom

Statement Of Agreement Template for England and Wales

A Statement of Agreement is a formal document under English and Welsh law that records the mutual understanding and agreement between two or more parties regarding specific terms, conditions, and obligations. It serves as a clear record of what has been agreed upon and can be used as evidence of the parties' intentions. The document typically includes detailed terms, conditions, and the specific responsibilities of each party involved.

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What is a Statement Of Agreement?

A Statement of Agreement is commonly used in England and Wales when parties need to formally document their mutual understanding and commitments. This document type is particularly useful when parties want to create a clear record of their agreement without the full complexity of a contract, while still maintaining legal enforceability. The Statement of Agreement typically includes identification of parties, agreed terms, obligations, and any specific conditions that form part of the understanding. It's especially valuable in business relationships where clarity and documentation of agreements are essential.

What sections should be included in a Statement Of Agreement?

1. Parties: Identification and details of all parties to the agreement

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Agreement Terms: Core obligations and rights of the parties

5. Duration: Term of the agreement and any renewal provisions

6. Signatures: Execution blocks for all parties

What sections are optional to include in a Statement Of Agreement?

1. Consideration: Details of payment or value exchange, if applicable

2. Confidentiality: If sensitive information is being shared

3. Dispute Resolution: When specific dispute handling procedures are needed

4. Force Majeure: For agreements where external events might affect performance

5. Assignment: If rights/obligations might need to be transferred

What schedules should be included in a Statement Of Agreement?

1. Schedule 1: Services/Deliverables: Detailed description of what is being agreed to

2. Schedule 2: Charges: Detailed breakdown of any financial arrangements

3. Schedule 3: Special Terms: Any specific conditions or requirements

4. Appendix A: Definitions: Extended definitions if too lengthy for main agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Industries

Law of Property Act 1925: Fundamental legislation governing property rights and interests in England and Wales, essential for any property-related provisions in agreements

Law of Property (Miscellaneous Provisions) Act 1989: Sets out formal requirements for creating and executing certain types of contracts, particularly those involving land

Contracts (Rights of Third Parties) Act 1999: Governs how third parties may enforce terms of a contract and their rights under the agreement

Consumer Rights Act 2015: Key legislation protecting consumer rights in contracts, ensuring fairness and transparency in business-to-consumer agreements

Consumer Contracts Regulations 2013: Regulates distance selling and off-premises contracts, including cancellation rights and information requirements

Unfair Contract Terms Act 1977: Controls the use of exclusion and limitation clauses in contracts, ensuring fairness in contractual relationships

UK GDPR: Post-Brexit data protection regulation governing the processing and handling of personal data in the UK

Data Protection Act 2018: UK's implementation of data protection standards, working alongside UK GDPR to regulate personal data processing

Limitation Act 1980: Sets statutory time limits for bringing legal claims, important for enforcement and liability provisions

Electronic Communications Act 2000: Provides legal framework for electronic signatures and electronic communications in contractual arrangements

Companies Act 2006: Primary legislation governing company operations and corporate contracts in the UK

Common Law - Offer and Acceptance: Fundamental principle requiring a clear offer and unequivocal acceptance to form a valid contract

Common Law - Consideration: Principle requiring exchange of value between parties for a contract to be legally binding

Common Law - Intention to Create Legal Relations: Requirement that parties must intend their agreement to be legally binding

Common Law - Capacity to Contract: Legal principle requiring parties to have legal capacity to enter into binding agreements

Common Law - Certainty of Terms: Principle requiring contract terms to be sufficiently clear and certain to be enforceable

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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