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As the examples below illustrate, amendment clauses often require changes or additions to the contract to be agreed by all parties or at least by the affected parties.
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).
The key difference between a supplemental agreement and a contract amendment is that the first is a separate document that modifies the contract's terms. The original contract remains intact. A contract amendment, on the other hand, involves changing or updating certain parts of the main contract.
Agreements are often deeds, and a document that amends an operative part of another document required by law to be a deed must also be a deed. However, a deed can be amended by a simple agreement so long as there is consideration for the amendment and the deed itself does not require the amendment to be made by deed.
While an amendment alters the core terms of the contract, an addendum provides supplementary information without changing the original content.
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.