Initiation of Amendment Clause Samples
The Initiation of Amendment clause defines the process by which changes to an existing agreement can be formally proposed. Typically, this clause outlines who has the authority to suggest amendments, the required method for submitting such proposals (such as written notice), and any preliminary steps that must be taken before an amendment is considered. For example, it may specify that either party can initiate an amendment by delivering a written request to the other party. The core practical function of this clause is to establish a clear and orderly procedure for modifying the contract, thereby reducing confusion and disputes over how changes can be introduced.
Initiation of Amendment. Any Party may propose an amendment to this Agreement. The Parties agree that it may be beneficial to enter into additional agreements or modifications of this Agreement in connection with the implementation of the separate components of the Development.