Concept · Business and metrics

Contract amendment

Also called: amendment, contract amendments, amend a contract

A short signed document that changes, adds to or clarifies the terms of a contract already in place, without replacing the whole contract. Common Paper publishes a free, standard template for this (Amendment), made for its own agreements.

For example: A customer wants more notice before a price change. Instead of signing a new contract, both sides sign an amendment that changes that one term.

Connects to 3

This glossary is plain-language orientation, not legal or financial advice. Before you decide on a company structure, a contract, taxes or a fundraising deal, talk with a lawyer or an accountant.

Page last changed · Suggest a correction