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Contract Modification

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When negotiating a contract, or after a contract has been signed, you may have reason to want to modify, or change, the contract. In general, contract modifications require the agreement of all parties to the contract. This article will discuss how to modify a contract before it's been signed and after it's been signed.
A contract is legally binding agreement between two or more parties. The average adult encounters contracts many times in the course of his or her life. In many instances, these contracts may be so routine or commonplace you may not even recognize that you are a party to a contract. For example, each time you charge something to a credit card, the sales slip you sign is a contract. In other instances, a contract may be much more formal, involve significant negotiation and require an attorney to review it before it is signed. An example of this type of contract would be the contract you sign when buying a home.
Modifying a Contract before Signing It
To be legally binding, a contract must be agreed to by all interested parties. For example, imagine you want to buy a car, but you don't like the price that's being offered by the dealer. Even if the dealer signs the sales contract, the contract is not valid until you accept it (usually indicated by your signature).
Before entering into a contract, you should carefully read it to ensure that you understand your obligations and the obligations of the other parties to the contract. If you don't understand the contract, or you have questions about the meaning of any sections of the contract, have an attorney review the contract and explain it to you.
Often, contracts may be biased toward one party - often the party responsible for writing the contract. If you didn't write the contract, you should take steps to eliminate these biases. Make a list of

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