What Does “Amendment” Mean in a Contract?
A formal change to an existing contract, typically requiring written agreement from all parties.
Detailed Explanation
An amendment modifies the contract after signing. Most contracts require amendments to be in writing and signed by all parties - verbal changes don't count. This protects against unintentional modifications.
Amendments should clearly reference the original agreement and specify exactly what's changing. They become part of the contract and are interpreted together with the original terms.
Example in a Contract
“This Agreement may not be amended, modified, or supplemented except by a written instrument signed by authorized representatives of both parties. No oral modification shall be binding.”
Why It Matters
Amendment clauses protect you from informal changes to the deal. If someone says "don't worry about that clause," get it in writing as a formal amendment - otherwise, the original terms still apply.
Related Terms
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