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In this third part of the multi-part series on contracts, the focus shifts to the critical issue of amending contracts, which often presents challenges for entrepreneurs and small businesses. The speaker emphasizes the necessity for every contract to include a provision that addresses amendments. Adhering to the specific requirements outlined in this provision is crucial for ensuring that any amendment is legally valid. While the discussion will not cover all nuances in detail, attention will be given to essential issues related to the amendment process, highlighting its importance in maintaining contractual integrity.