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My company signed a vendor agreement a few years back, and now the vendor gets 's back to us with another agreement that is in few matters contrary to the original agreement. We have held up on this, can you guide us?

With reference to section 62 of the Indian Contract Act, 1872,“If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the original contract need not be performed.”

Which means, the second agreement comes into effect if you signup and automatically the older ones will lose its va...

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