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This document details the modification of an existing contract between Virginia Polytechnic Institute and State University (Virginia Tech) and Vanguard Industries East, Inc. to update the pricing for cadet uniform accessories for the renewal period of one year, from January 1, 2024, to December 31, 2024. It also outlines the maintenance of all other terms and conditions of the original contract.

How to fill out contract modification agreement

How to fill out contract modification agreement

1. Begin with the title 'Contract Modification Agreement'.
2. Include the date of the modification.
3. Reference the original contract by including its title and date.
4. Clearly state the specific modifications being made (e.g., changes in terms, price, or conditions).
5. List any additional clauses or amendments that apply to the modifications.
6. Indicate the effective date of the modifications.
7. Include signature lines for all parties involved.
8. Ensure each party reviews the document before signing.

Who needs contract modification agreement?

1. Parties to an existing contract who need to change terms or conditions.
2. Businesses requiring adjustments in contracts due to unforeseen circumstances.
3. Individuals or companies involved in contractual relationships that need updates.
4. Legal representatives of entities involved in contract negotiations.

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What is contract modification agreement?

A contract modification agreement is a written document that officially changes the terms of an existing contract, including the scope of work, pricing, deadlines, or other relevant details.

Who is required to file contract modification agreement?

Typically, both parties involved in the original contract are required to file a contract modification agreement when changes to the contract terms are necessary.

How to fill out contract modification agreement?

To fill out a contract modification agreement, include the original contract's details, clearly specify the changes being made, ensure both parties agree to the modifications, and have both parties sign the document.

What is the purpose of contract modification agreement?

The purpose of a contract modification agreement is to formally document and consent to changes in the original contract, ensuring that both parties uphold their responsibilities under the revised terms.

What information must be reported on contract modification agreement?

The information that must be reported includes the original contract's details, the specific modifications being made, the reason for the changes, and signatures from both parties.