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Noun. collateral form (plural collateral forms) (linguistics) A synonymous but not identical, coexisting form (variation) of a word, such as an accepted alternative spelling.
The term is in form collateral, meaning its subject was closely related to the written contract; the term does not contradict the written contract; and. the term must be one not normally included in a written contract.
How To Create a Collateral Contract YourselfNames, contact information, and addresses of all parties.Terms and conditions of the collateral contract.Indication of a promissory note.Duties and responsibilities assigned to each party.The effective date of the agreement.More items...
For example, if X agrees to buy goods from Y that will, accordingly, be manufactured by Z, and does so on the strength of Z's assurance as to the high quality of the goods, X and Z may be held to have made a collateral contract consisting of Z's promise of quality given in consideration of X's promise to enter into the