Edit company in the Construction Contract Agreement

Aug 6th, 2022
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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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If the contract is silent on the matter, you may only make changes with the approval of the other party. Both parties must agree to the changes. Depending on the extent of changes, you may be able to simply amend the document. In this case, both parties must sign approval of the changes.
You can use a separate document to lay out how you would like to change an entire section. You should note at the beginning of the document which part it is that is being altered and when it is effective. Again, both parties should sign or initial and date the amendment to show that both sides agreed to the change.
Any time the relationship deviates from the original contract, you should amend the contract to reflect the actual practices of the parties. You may also need to make a change if some provision of the contract does not appear to be working as planned.
If a company changes its name, a contract will still be valid.
As a contract exists as a legally binding agreement between interested parties, it can be legally modified after being signed. But this happens only with the agreement of all the parties and by adding an extra section, called a rider.
A contract not in writing may be modified in any respect by consent of the parties, in writing, without a new consideration, and is extinguished thereby to the extent of the modification. 1698. (a) A contract in writing may be modified by a contract in writing.
The new owner can assume or reject existing contracts when a business sells. If they choose to accept a contract, they become legally bound to fulfill the terms of the agreement, just as the previous owner was.
It is not illegal to alter a contract once it has been signed. However, it must be materially changed, meaning that if an important part of the contract is altered by the change, it must be made by mutual consent of both parties.

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