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
- Master services agreement Concept
- Cloud service agreement Concept
- Common Paper Tool
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.