A Contract Amendment is a formal change made to an existing contract. Amendments hold legal weight and are binding agreements by themselves.
We use an amendment when we, for any reason agreed between the parties, want to alter, add, or omit some terms or provisions of a contract or even extend the length of a contract, after being started.
Contract amendments provide a flexible mechanism for parties to adjust their contractual obligations in response to changing circumstances, thereby helping to preserve the integrity and effectiveness of the original contract.
Note 1:
An amendment may only be used if the original Contract / Agreement has not expired. Expired contracts cannot be amended.
Note 2:
If you want to add additional information or documents to an incomplete contract, use an ADDENDUM. Use an AMENDMENT when making changes to a fully executed agreement.
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