How to Write a Change of Contract

Contracts cover a large range of possibilities that vary according to type (contracts for real estate vary from contracts for employment). Any changes you plan on making to your particular contract, (assuming they are legal and don't cancel the requirements of a legal contract) will be binding as long as all parties involved agree by signing and dating the changes to the contract accordingly.

Difficulty: Moderate

Instructions

1. Obtain a copy of the original contract. Both parties should have a copy. Any amendments to the contract should be made to the copies of all parties involved.

2. Determine the changes to be made. If it is an employment contract, the changes could be in remuneration, benefits or some expectation of the job. If the contract deals with the purchase of a car, the terms of payment, interest rates or return policy may need to be altered. Construction loans quite often necessitate changes throughout the building process.

3. Make the changes to the contract by crossing out information that is not correct and writing in the changes. All parties to the contract need to initial these changes. Handwritten or typed changes to all copies of a printed contract overrule original printed terms. If you add a page with amendments to the contract, all copies should be signed and dated by all parties.

4. Talk to an attorney to verify that the changes you have made are correct for the type of contract with which you are dealing. Changes made to a contract do not have to be reviewed by a lawyer or witnessed by notary to be legally binding.

5. Ensure that all parties to the contract agree to the changes by signing and dating the amended contract.

Tips & Warnings

• Be sure that both parties sign and date any changes made to an original contract. Have an attorney review any changes you make to a contract. For additional security to amended contracts, have signatures witnessed by a notary.

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