Amendment Agreement
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What is Amendment Agreement?
An amendment agreement is a revised agreement or an addition to the original agreement. The change to the original agreement is called an amendment. The amendment is usually entered into by the parties instead of entering into a new fresh agreement. The change required in an agreement is substantial then it has to be changed but if the changes are easy and simple then amending the agreement is the best possible solution. The main details which have to be entered into an amendment agreement are clauses in a contract, details that have to be revised, the clause numbers that need to be revised, etc. The main function of the addendum is to modify, nullify change and clarify the terms of the contract.
Deliverables
The main foundation of law and reference of an amendment agreement is the Indian Contract Act, 1872. It covers the general principles, formations, and mutual understanding of the contract.
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