Amendment to Sales Contract A sample form of amendment to an existing Sales Contract
Amending A Contract
After a contact has been signed, and you want to change some of the terms, both parties will need to agree to the changes. If the changes are short or minor, you can do this as a separate “Amendment” form. If these are major changes, you will probably want to draft a new contract and specifically state that the new contract supersedes and terminates the old contract. If you go the “Amendment” form route, your amendment should cover the following: The name of the earlier contract, its date and the parties to the contract The specific changes to the contract A statement that except as to the terms contained in the amendment, all of the original contract continues to remain in full force and effect A statement that in the event of any conflict with the terms of the original contract, the amendment will prevail Signatures by all parties to the original contract The date for the amendment Here is a sample that sets this out, for an Amendment of a Sales Contract.
AMENDMENT TO SALES CONTRACT This is an amendment to that certain Sales Contract dated December 31, 1998 (the “Sales Contract”) by, and between ABC, Inc. (“Seller”) and XYZ, Inc. (“Buyer”). WHEREAS, the parties wish to amend certain terms of the Sales Contract; and WHEREAS, certain capitalized terms not otherwise defined herein are defined in the Sales Contract; THEREFORE, the parties agree as follows: 1. Price Change. Section 2(a) of the Sales Contract is hereby amend to provide