Contract Modification
/ˈkɒntrækt ˌmɒdɪfɪˈkeɪʃən/
Definitions
- (n.) A lawful alteration of the terms of an executed contract by mutual agreement of the parties involved.
The contractor requested a contract modification to extend the project deadline.
- (n.) A formal amendment adding, deleting, or revising provisions in an existing contract without creating a new contract.
The contract modification included a price adjustment due to increased material costs.
Forms
- contract modifications
Related terms
See also
Commentary
Contract modifications must be made with clear mutual consent to avoid disputes; always specify which terms are altered and preserve consideration to ensure enforceability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.