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With a contract amendment, you can therefore change the rights and obligations of the parties in terms of a contract. Once amended, the contract, as a legally binding document, will then outline the new rights and obligations of every party in terms of the agreement.

This Variation Agreement – Changing Terms of a Contract is executed as a deed to avoid any dispute as to its validity due to lack of consideration. It allows the parties to change the terms of an existing contract by inserting, deleting and amending words, paragraphs and clauses.

(a) We may amend any provision of this Agreement by giving you written notice of the amendment. Either party to this Agreement may terminate the Agreement without cause by giving the other party at least thirty (30) days' written notice of its intention to terminate.

A contract amendment allows the parties to make a mutually agreed-upon change to an existing contract. An amendment can add to an existing contract, delete from it, or change parts of it. The original contract remains in place, only with some terms altered by way of the amendment.

The Amendment clause stipulates the conditions for changing the terms of an agreement. The clause typically requires a written document signed by both parties. In some circumstances, like End User License Agreements, the clause will allow unilateral amendment.

An amendment is typically used to change something that's part of an original contract. Think of amendments as modifications to the earliest agreement (for example, altering an agreed-upon deadline). An addendum is used to clarify and add things that were not initially part of the original contract or agreement.

Like an addendum, a contract amendment is also an addition to a contract or agreement. An amendment, however, is generally not used to add terms and conditions, but rather to change existing terms and conditions. It comes from the Latin word emendare which means “to correct, free from fault.”

A contract amendment is a change, correction, clarification, or deletion to an agreement you have already signed. An amendment leaves your original agreement substantially intact.

When a relationship deviates from the original agreement, the contract should be amended ingly to reflect the new practices of those involved. Amendments can also be used when aspects of the contract do not appear to be working as planned, limiting the parties' abilities to reach their agreed terms.