An amendment to a contract is a written agreement between two parties that modifies the original terms of a contract. This legal document is important in situations where an agreement needs to be changed due to unforeseeable circumstances or new information that has come to light. Often, businesses and individuals will require a sample amendment to a contract to help guide them through the process.
The following is a sample amendment to a contract that can be used as a template for businesses or individuals:
AMENDMENT TO CONTRACT
This Amendment to Contract (“Amendment”) is entered into on [date] by [party 1] and [party 2], collectively referred to as the “Parties.”
WHEREAS, the Parties previously entered into a contract dated [contract date], as amended (the “Contract”), which is currently in effect and governs the [subject matter of the Contract];
WHEREAS, the Parties desire to amend the Contract as set forth herein;
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the Parties agree as follows:
1. Amendment. The Contract is hereby amended as follows:
[Insert amendment language here]
2. Effective Date. This Amendment shall become effective as of the date of its execution by both Parties.
3. Ratification. Except as specifically modified by this Amendment, all other terms and conditions of the original Contract shall remain in full force and effect.
4. Counterparts and Facsimile Signatures. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Amendment may be executed by facsimile signature and/or electronic signature, which shall have the same force and effect as an original signature.
IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first set forth above.
[party 1]
By: _____________________________
[Name], [Title]
[party 2]
By: _____________________________
[Name], [Title]
An amendment to a contract must be drafted and signed with legal precision. As such, it is always advisable to seek the advice of a qualified attorney for guidance on the exact wording and format of an amendment to a contract. Nevertheless, using the sample amendment above can provide individuals and businesses with a foundation for creating an effective and legally-binding amendment.