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A contract amendment is exactly what it sounds like ? a change to an existing contract that both (or all) sides agree to. Amendments can be changes to anything in the original contract's terms, clauses, sections, or definitions.
The date that the amendment goes into effect must be before the expiry date of the contract.
Amending and Restating a Contract When Amendments Become Unwieldy. ... Review All Existing Documents. ... Fully Merge All Existing Terms Into the New Contract. ... Add New Terms. ... Add an Integration Clause. ... Finalizing the A&R Agreement.
How to create a contract amendment Pinpoint what you want to change or add. Look at your contract and write down the parts you need to change. ... Date and title the new amendment. Next, add the current date and the title and date of the original agreement to the document. ... Draft and describe the changes. ... Finalize the changes.
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).