An agreement, also known as a contract, legally binds two or more parties to a signed document, subject to its written terms and conditions. When both parties agree that circumstances are different than when the contract was first signed, a contract can be amended to accommodate the change. However, it is essential to know how to amend an agreement in order for its change to be legally effective.
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Keep the original contract, if there are only going to be minor changes. As long as the basis of your agreement is still valid, your amendment will be an additional contract you will attach to the original. You are only making changes, not disregarding the entire original document.
Prepare an amendment agreement form. You can find many online. While these forms are comprehensive and probably the easiest way to assure that all essential aspects of the change are covered, you can also create your own amendment form. Include specifics regarding all changes in the body of the document and refer to the location in the original contract that the previous agreement was stated.
Validate the agreement by having all parties sign and date it. The amendment itself is not effective without the signature of the same parties that signed the original contract. Dating the amendment is essential because the date clarifies potential time line discrepancies in any unforeseen litigation matters.
Attach the amendment to its respective contract. Although the amendment is a legal contract of its own, the general terms of the original agreement are still valid. An amendment cannot stand on its own, because it refers to specific changes within an already existing document. Be sure that all parties have copies, and your agreement amendment is now in full legal effect.
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