As a professional, I am here to explain the difference between schedule and annexure in an agreement. When creating a legal document, whether it`s a contract, agreement, or lease, there are often additional documents that need to be attached to provide more information. These documents are known as schedules or annexures, but they are not the same thing.
The schedule is a document that provides additional information regarding a particular section of the agreement. This may include the timeline of the project, the payment schedule, or any specifications regarding the product or service being provided. The schedule is considered an integral part of the agreement and is legally binding.
On the other hand, annexure is a document that is often attached to provide information that is not necessarily related to the agreement. For example, an annexure could be a company`s standard terms and conditions that are not included in the main agreement. Annexures are not typically considered an integral part of the agreement and are not legally binding. However, they can be used to clarify certain points in the agreement.
It is crucial to be clear about the difference between the two terms when drafting legal documents. Using the wrong term could lead to confusion and misinterpretation, which can be costly in legal matters.
In summary, a schedule is a document that provides additional information regarding a particular section of the agreement, and it is legally binding. On the other hand, annexure is a document that is attached to provide information that is not necessarily related to the agreement and is not legally binding. As a professional, it is important to use the correct term when drafting legal documents to avoid confusion and legal complications.