Amendment definition: Copy, customize, and use instantly
Introduction
The term "Amendment" refers to any modification or change made to an existing agreement, contract, or document. Amendments are essential for updating, clarifying, or correcting the original terms to reflect new circumstances, obligations, or intentions between the parties involved.
Below are various examples of how "Amendment" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Amendment" in the context of contract changes
This definition ties "Amendment" to modifications of a contract's provisions.
"Amendment" refers to any formal change, addition, or modification made to the terms of this agreement, whether in writing or otherwise, with the mutual consent of all parties involved.
Definition of "Amendment" in the context of a financial agreement
This definition connects "Amendment" to changes in financial terms.
"Amendment" means any adjustment, revision, or alteration to the original financial terms, conditions, or provisions set forth in this agreement, executed by both parties in writing.
Definition of "Amendment" in the context of legal documents
This definition links "Amendment" to modifications in legal documents.
"Amendment" refers to any change, modification, or alteration made to the original text of this document, which is legally binding upon approval by all parties involved, and documented in writing.
Definition of "Amendment" in relation to a partnership agreement
This definition ties "Amendment" to changes in partnership terms.
"Amendment" refers to any modification, addition, or removal of terms, clauses, or provisions in this partnership agreement, made in writing and agreed to by the partners in accordance with the governing law.
Definition of "Amendment" in the context of a loan agreement
This definition connects "Amendment" to adjustments in loan terms.
"Amendment" means any change, alteration, or modification to the terms and conditions of the loan agreement, including but not limited to the loan amount, interest rates, repayment terms, and any other related provisions, agreed upon by both the lender and borrower.
Definition of "Amendment" in a governance context
This definition links "Amendment" to changes in governance documents.
"Amendment" refers to the process by which changes or modifications are made to the bylaws, operating agreement, or governance structure of the entity, subject to approval by the required majority of governing members.
Definition of "Amendment" in relation to a regulatory change
This definition ties "Amendment" to compliance with regulatory changes.
"Amendment" refers to any change or modification to the terms of this agreement to comply with applicable laws, regulations, or governmental policies that may have been enacted after the original agreement was executed.
Definition of "Amendment" in the context of a lease agreement
This definition connects "Amendment" to changes in lease terms.
"Amendment" refers to any modification, addition, or deletion of the terms and provisions of the lease agreement, including but not limited to rent amounts, lease duration, or responsibilities, made in writing and signed by both parties.
Definition of "Amendment" in relation to an intellectual property agreement
This definition ties "Amendment" to changes in intellectual property terms.
"Amendment" refers to any modification or addition made to the intellectual property terms of this agreement, including but not limited to patent rights, trademark usage, or licensing provisions, subject to the written approval of all parties involved.
Definition of "Amendment" in the context of a confidentiality agreement
This definition links "Amendment" to changes in confidentiality terms.
"Amendment" means any formal change, addition, or revision to the terms of this confidentiality agreement, particularly those affecting the protection, usage, or sharing of confidential information, which must be mutually agreed upon by all parties.
Definition of "Amendment" in relation to employee agreements
This definition connects "Amendment" to changes in employment terms.
"Amendment" refers to any modification, alteration, or change in the terms of the employment agreement, including compensation, benefits, or job duties, which must be agreed upon by both the employer and employee in writing.
Definition of "Amendment" in the context of tax laws
This definition ties "Amendment" to changes in tax-related documents.
"Amendment" refers to any formal modification or change made to tax filings, returns, or related documents to reflect updated information, correct errors, or comply with changes in tax laws, subject to approval by the appropriate tax authorities.
Definition of "Amendment" in the context of corporate actions
This definition links "Amendment" to corporate action decisions.
"Amendment" means any change or alteration made to corporate documents, including but not limited to articles of incorporation, charters, or shareholder agreements, requiring approval by the board of directors and/or shareholders.
Definition of "Amendment" in a shareholder agreement context
This definition connects "Amendment" to changes in shareholder agreements.
"Amendment" refers to any modification or alteration of the terms or provisions of the shareholder agreement, which must be agreed upon by the shareholders in writing, with any changes taking effect upon execution of the amendment.
Definition of "Amendment" in relation to a construction contract
This definition ties "Amendment" to changes in construction terms.
"Amendment" refers to any changes or adjustments made to the original construction contract, including but not limited to changes in scope, schedule, or budget, which are mutually agreed upon by the parties in writing.
Definition of "Amendment" in a service contract
This definition links "Amendment" to changes in service agreements.
"Amendment" means any alteration or modification to the service contract, including changes to the scope of services, pricing, or terms of performance, which must be documented and signed by both the service provider and client.
Definition of "Amendment" in the context of debt agreements
This definition ties "Amendment" to modifications in debt terms.
"Amendment" refers to any change or modification to the terms of a debt agreement, including but not limited to the interest rate, repayment schedule, or collateral requirements, which must be agreed upon by both the debtor and creditor.
Definition of "Amendment" in relation to a supply agreement
This definition connects "Amendment" to changes in supply terms.
"Amendment" refers to any change, addition, or modification to the terms and conditions of the supply agreement, including but not limited to price adjustments, delivery schedules, or quantity changes, which must be agreed upon by both the supplier and buyer.
Definition of "Amendment" in a franchise agreement
This definition ties "Amendment" to changes in franchise terms.
"Amendment" refers to any modification, addition, or deletion of terms in the franchise agreement, including franchise fees, obligations, or territory rights, which must be executed in writing and agreed upon by both franchisor and franchisee.
Definition of "Amendment" in the context of a loan modification
This definition connects "Amendment" to loan agreement changes.
"Amendment" refers to any alteration, modification, or change made to the terms of a loan agreement, including adjustments to repayment schedules, interest rates, or terms, agreed upon by both the lender and borrower.
Definition of "Amendment" in relation to an insurance policy
This definition ties "Amendment" to insurance agreements.
"Amendment" refers to any change, modification, or revision made to the terms of the insurance policy, such as changes to coverage limits, premiums, or exclusions, which must be executed in writing by both the insurer and the policyholder.
Definition of "Amendment" in a franchise disclosure agreement
This definition connects "Amendment" to changes in franchise disclosure terms.
"Amendment" refers to any modification or revision of the terms in the franchise disclosure agreement, such as changes to fees, obligations, or territorial rights, which require mutual agreement and execution by both parties.
Definition of "Amendment" in the context of a real estate contract
This definition links "Amendment" to changes in real estate terms.
"Amendment" refers to any modification or change in the terms of a real estate contract, including but not limited to purchase price, closing dates, or contingencies, agreed upon by the buyer and seller in writing.
Definition of "Amendment" in a shareholder rights agreement
This definition ties "Amendment" to changes in shareholder rights.
"Amendment" refers to any change or modification made to the shareholder rights agreement, which may affect voting rights, dividends, or any other shareholder privileges, subject to approval by the necessary shareholder majority.
Definition of "Amendment" in the context of an employment benefits plan
This definition connects "Amendment" to employee benefits modifications.
"Amendment" means any change, addition, or revision made to the terms of the employee benefits plan, including changes in coverage, contributions, or eligibility requirements, that must be agreed upon by the plan sponsor.
Definition of "Amendment" in relation to an intellectual property license
This definition links "Amendment" to changes in intellectual property licenses.
"Amendment" refers to any modification, addition, or revision of the terms under which intellectual property rights are licensed, including but not limited to royalty rates, sublicensing provisions, or the territory covered.
Definition of "Amendment" in the context of a joint venture agreement
This definition ties "Amendment" to changes in a joint venture arrangement.
"Amendment" refers to any change or modification to the terms of the joint venture agreement, including adjustments to the profit-sharing structure, governance, or capital contributions, agreed upon by the joint venture partners.
Definition of "Amendment" in relation to a construction loan agreement
This definition connects "Amendment" to changes in a construction loan.
"Amendment" refers to any modification or alteration to the terms and conditions of a construction loan agreement, such as changes in the loan amount, disbursement schedule, or interest rate, which must be agreed to in writing by both the lender and borrower.
Definition of "Amendment" in the context of a partnership buyout
This definition ties "Amendment" to the buyout terms in a partnership.
"Amendment" refers to any change or modification to the original partnership agreement in the event of a buyout, including adjustments to ownership percentages, profit distribution, and the buyout price.
Definition of "Amendment" in relation to a non-disclosure agreement (NDA)
This definition links "Amendment" to changes in confidentiality agreements.
"Amendment" refers to any change, addition, or revision to the non-disclosure agreement, including adjustments to the scope of confidentiality, terms of disclosure, or the duration of the agreement, executed in writing by both parties.
Definition of "Amendment" in a technology services agreement
This definition connects "Amendment" to changes in technology contracts.
"Amendment" refers to any modification or change to the technology services agreement, including updates to service levels, pricing, or deliverables, which must be mutually agreed upon by both the service provider and the client.
Definition of "Amendment" in the context of a debt covenant
This definition ties "Amendment" to changes in debt-related covenants.
"Amendment" refers to any modification or revision made to the covenants in a debt agreement, including but not limited to financial ratios, reporting requirements, or restrictions on additional borrowing, agreed upon by the lender and borrower.
Definition of "Amendment" in relation to a business acquisition agreement
This definition connects "Amendment" to changes in business acquisition terms.
"Amendment" refers to any change or modification made to the terms of the business acquisition agreement, including adjustments to purchase price, payment terms, or the scope of the transaction, agreed to by both the buyer and seller.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.