Amendments To Contracts

Amendments To Contracts

Amendments To Contracts

oboloo’s Glossary

An Amendment to a Contract is the process of altering or supplementing the original terms of a contract. This could include changing parties, adding clauses, subtracting points, or revising any other aspect of the existing agreement. Amendments can be made orally, in writing, or through both methods combined. They are often used to clarify or resolve ambiguous issues or prevent misunderstandings between the two parties. When an amendment is finalized, it’s important that both parties sign it and that it become part of the final contract record. By making Amendments To Contracts official, you can ensure that all relevant information is accounted for and that both parties know exactly what they’ve agreed to.