Contract Amendment Template

Download our industry-backed amendment template that covers everything you need to prepare, draft, and negotiate a contract amendment.

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Using a Contract Amendment Template

Sick of wasting time writing and re-writing contract amendments every time you need to make a change to a contract? DocJuris is here to help!

Download our industry-backed amendment template that covers opening paragraphs, recitals, amendment text, boilerplate language, signature blocks, and exhibits (if applicable). Our template is based on our knowledge of contracts and the extensive research we have done by working with over 250 companies.

You can use the contract amendment template in a variety of settings, including commercial contacts and any other type of contract that requires adding an amendment.

Understanding How to Write a Contract Amendment

In general, amendments are created when some condition of the contract or terms aren’t working for at least one party, and both parties agree to make an adjustment.

Anytime you need to make a change to a contract or agreement, whether minor or significant, you need to use a contract amendment.

While many contract amendments are specific to the contract, others are relatively standard, like changing a due date. Having a contract amendment template can streamline the process of drafting amendments, which means you’ll get them signed faster and be able to move forward with the work outlined in your contract.

Challenges with Contract Amendments

The most significant pain point with contract amendments is that they take so much time to write. As we’ve previously discussed in our blog post introducing the Amendments feature, it’s not enough to simply go in and change the date or update pricing in your contract. Every amendment needs to be spelled out.

So, changing the date needs to be written in something along the lines of “Both parties agree to amend the term of the contract to add 18 months, thereby changing the end date of the contract from 12/31/2021 to 06/30/2022.”

When you have multiple amendments to add to a contract, you’re looking at a significant amount of time spent on getting the wording just right. When using technical terms, you need to be particularly careful about using the correct language.

Finally, adding amendments generally requires you to work from multiple screens. You can’t just go into your contract as a Word or PDF file and make changes directly. Instead, you need to have one screen with the contract open, then another screen where you write out the amendment translations. This is time-consuming and cumbersome. It can also lead to mistakes if you accidentally refer to the wrong part of the contract or are looking at an outdated version of the document.

Frequently Asked Questions about Contract Amendment Templates

Due to all of the challenges listed above, DocJuris has created a contract amendment template that you can use to make on-the-fly changes to your contracts without going through as burdensome a process as the one we outlined above.

Here are answers to some of the questions you may have about our contract amendment template.

Why do I need a contract amendment template?

Having a contract amendment template will come in handy when contract terms need to be adjusted on the fly. Some examples of when you might need this include:

  • Extending the term
  • Adding a data protection addendum
  • Modifying scope or payment terms

In addition, everyone involved in the contract can see and use the contract amendment template. As a result, you’ll all be working from a single source of truth, which ensures you’ll use the correct language for each contract amendment scenario.

Who can use the contract amendment template?

Anyone who needs to modify a contract can benefit from DocJuris’s contract amendment template. This includes legal, sales, and procurement teams looking to amend an existing agreement.

What’s the catch?

There isn’t one! We promise. At DocJuris, we’re committed to helping sales, legal, and procurement professionals and teams become more efficient every time they negotiate a contract. That includes adding contract amendments. We’re offering this contract amendment template in the hopes that it will save you time and headaches the next time you need to add an amendment to a contract.

How does a contract amendment template save time?

Think about all the steps involved in drafting a contract amendment. First, you need to write an introductory paragraph defining the companies involved in the contract and contract amendment. Then, you need to describe the modification using correct terminology. Next comes a concluding section, which stipulates that the contract will remain as written except for the new information described in the amendment.

After you’ve gone through those steps, you need to proofread your amendment before getting it signed by all parties. Then, you need to add it to the original contract so that anyone who refers to it later can quickly see that there is an amendment attached to it.

With a contract amendment template, you can breeze through the first four steps and get to the part where everyone signs much more efficiently. This saves everyone time and allows you to continue moving forward instead of getting stalled while you wait for the contract amendment to be written and signed.

Is a contract amendment the same as a contract addendum?

In short, no. Yet, many people use these terms interchangeably. Although it’s true that both an amendment and an addendum can significantly change the terms of a contract agreement, they do so in different ways.

An amendment letters a specific aspect of the original contract agreement. For example, if you need to change the price of a product, an amendment will alter that particular part of the contract.

An addendum will add something to the contract that was not there originally. So, for example, if you need to add a new product to the contract, you’ll create an addendum for that product.

Use DocJuris for Your Contract Amendments

At DocJuris, we’ve designed our contract negotiation software to make the entire process of writing, reviewing, and approving contracts more efficient for everyone involved. That includes contract amendments.

If you’d like to learn more about how DocJuris can make your sales, procurement, or legal team more efficient by fast-tracking contract amendments, let’s talk!

Schedule a demo to get started.

Learn how DocJuris saves time and risk with automated contract amendments.

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