Saturday, March 4, 2017

How to Amend a Contract


Suppose, you've signed a contract but now the parties agreed to change some of its terms. E.g., change price, delivery dates, etc. You first instinct will probably be to sign a whole new contract with a  clause that says this contract supersedes the previous contract. Fortunately, there is an easier way. You can just sign an Amendment which lists the modifications.




Amendment



This amendment (the "Amendment") is made by _________________ and _________________, parties to the  _____________________ Agreement dated ________ (the "Agreement").



1. The Agreement is amended as follows: ______________________________________________________.


2. Except as set forth in this Amendment, the Agreement is unaffected and shall continue in full force and effect in accordance with its terms. If there is conflict between this amendment and the Agreement or any earlier modification, the terms of this Amendment will prevail.


By: __________________________
Name: ________________________
Title: _________________________
Date: _________________________


By: __________________________
Name: ________________________
Title: _________________________
Date: _________________________