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Contract Amendment Agreement: Modify Terms of an Existing Contract
A Contract Amendment Agreement allows parties to make changes to an existing contract after it has been signed while keeping the original contract in force. This document helps formalize modifications without the need to create an entirely new contract.
Your Contract Amendment Agreement made in Bind will include:
Party Information
This section identifies the parties involved in the amendment, including their full legal names, company registration numbers if applicable, and registered office addresses. It establishes who is bound by the terms of the amendment.
Background
The background section provides context by referencing the original contract being amended, including its title and the date it was signed. It explains the parties' intention to amend specific terms of the original agreement.
Amendments to the Original Contract
This section details the specific changes being made to the original contract, clearly identifying which clauses are being modified and what the new terms will be. Each amendment is listed with its corresponding clause number from the original contract.
Effect of Amendments
This part clarifies that except for the specific amendments made, all other terms of the original contract remain in full force and effect. It also establishes that in case of any conflict between the amendment and the original contract, the amendment prevails.
Execution and Counterparts
The execution section explains how the amendment can be signed, including provisions for electronic signatures and multiple counterparts, all of which together constitute one and the same agreement.
Governing Law and Jurisdiction
This section specifies the laws that govern the amendment and which courts have jurisdiction to resolve disputes. When creating your document in Bind, you can select your preferred jurisdiction to ensure the amendment complies with local laws.
Creating a Contract Amendment Agreement through Bind ensures your contract modifications are properly documented and legally sound. The document provides clarity on exactly what terms are changing while maintaining the integrity of the original agreement. You can sign the completed amendment electronically, making it convenient to formalize changes quickly and securely.
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