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A short form letter agreement amending a contract between two parties in a commercial transaction.
In law, an addition, deletion, or change in a legal document. In a letter of credit, a change in terms and conditions of the letter (e.g., extension of the letter of credit´s validity period, shipment deadline, etc.) usually to meet the needs of the seller.
Key Takeaways. An amendment is a change or addition to the terms of a contract or document. An amendment is often an addition or correction that leaves the original document substantially intact.
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.
Completing the Amendment Introductory paragraph. Type your name or the name of your company and the other side's name (an individual or a company). Describe the amendment(s). ... The concluding paragraph. ... Proofread and sign your amendment. ... Managing Amendments.