How to Draft Amendment to the Agreement

When it comes to business agreements, it`s not uncommon for changes to need to be made over time. In these situations, an amendment to the original agreement is necessary. However, drafting an amendment may seem daunting at first. Here are the key steps to follow when drafting an amendment to the agreement.

1. Review the Original Agreement: Before drafting an amendment, it`s important to thoroughly review the original agreement. This will help identify the areas that need to be changed. Take note of any clauses that will be affected by the proposed changes.

2. Determine the Changes: After reviewing the original agreement, determine the specific changes that need to be made. It`s important to be clear and concise in detailing the changes. This will help ensure that the amendment accurately reflects the intended modifications.

3. Draft the Amendment: With the changes identified, it`s time to draft the actual amendment. The amendment should be written in the same format as the original agreement and should reference the original agreement by name, date, and parties. A suggested format for drafting an amendment is to start with a brief introduction that references the original agreement and sets the context for the changes. Next, outline the specific changes being made and provide detailed explanations, as necessary. Finally, conclude the amendment with a statement indicating that all other provisions of the original agreement remain in full force and effect.

4. Seek Legal Review: Once the amendment has been drafted, it`s important to have it reviewed by legal counsel. Legal review will ensure that the amendment is legally sound and that it effectively achieves the intended changes.

5. Execute the Amendment: Once legal review is complete, the amendment should be executed by the parties to the original agreement. It`s recommended to have all parties sign the amendment and to keep a copy with the original agreement.

In conclusion, drafting an amendment to the agreement doesn`t have to be a difficult process. By following these key steps, you can ensure that the amendment accurately reflects the intended changes and that it is legally sound. Remember to always seek legal counsel when making changes to important business agreements.