{"id":4590,"date":"2022-06-29T08:54:17","date_gmt":"2022-06-29T07:54:17","guid":{"rendered":"https:\/\/legalvision.co.uk\/?p=4590"},"modified":"2024-05-07T05:51:02","modified_gmt":"2024-05-07T04:51:02","slug":"how-to-amend-a-contract","status":"publish","type":"post","link":"https:\/\/legalvision.co.uk\/corporations\/how-to-amend-a-contract\/","title":{"rendered":"How to Change or Amend a Contract in England"},"content":{"rendered":"\n

Running a business will always come with some unpredictability. For instance, you may agree to a contract intending to carry out its terms to the letter. However, you might decide to change or amend<\/a>\u00a0specific terms\u00a0later down the track. Alternatively, you may wish to amend a contract because the wording is now out of date.<\/p>\n\n\n\n

This article will outline the most common ways to amend a contract after signature so your organisation can better understand its options. <\/p>\n\n\n\n

Is It Possible to Update a Signed Contract?<\/h2>\n\n\n\n

You can update a signed contract if both parties agree to the contract changes. For instance, if your business signs a contract with another company and you both quickly discover the payment clause states \u201c\u00a350\u201d instead of \u201c\u00a3500\u201d, you can agree to amend the contract. You would both do so to ensure the contract is accurate and to avoid any future misunderstandings about the agreed price.<\/p>\n\n\n\n

Generally, you will sign a document known as a Deed of Variation to amend a contract after signature. The deed is a legally binding agreement<\/a> that usually records the agreed-upon amendments to the contract.<\/p>\n\n\n\n

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A Deed of Variation is an alternative to the sometimes time-consuming method of cancelling the original contract and re-drafting and signing a new one.<\/p>\n

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However, you should know that deeds are more difficult to construct than a simple contract. Therefore, legal advice is usually helpful when negotiating a deed with another company.<\/p>\n\n\n\n

What Are the Most Common Reasons for Changing a Contract?<\/h2>\n\n\n\n

There tend to be three main reasons for amending a signed contract through a Deed of Variation, including:<\/p>\n\n\n\n