Have you ever wondered how to change a contract after it was signed? I’m going to tell you two ways to do that in this post.
So the first way to change a contract after it’s been signed is to update that original agreement with whatever term you want to change, and then have everyone sign it again.
Your contract should have what’s called a merger clause.
That clause basically says “this contract is the full and final version of an agreement between us and supersedes all other prior versions.” In other words, this version takes the place of any other version of this contract.
An Amendment: Not Just for the Constitution.
The second way is to create an amendment.
An amendment amends the original version, only to the extent of whatever is covered in that amendment.
This can be good for things like
- an amended payment schedule,
- different deliverable due dates,
- changing an event date (hello, 2020)
…anything in the original version that you want to amend.
Pretty easy, right?
So I hope that helps you to better understand two different ways to change a contract after it was signed, and I’ll see you next time.