amendable contract
[əˈmendəbəl ˈkɑːntrækt]
nounpl: amendable contracts
contrato passível de emenda
1. A contract that can be legally modified, changed, or altered by mutual agreement of the parties involved before or after its execution
The amendable contract allowed both parties to adjust the payment terms without terminating the entire agreement.
O contrato passível de emenda permitiu que ambas as partes ajustassem os termos de pagamento sem rescindir todo o acordo.
2. A contract containing provisions that permit modifications through formal amendments or addenda without invalidating the original terms
As an amendable contract, the service agreement could be updated to reflect changes in market conditions.
Como um contrato passível de emenda, o acordo de serviços poderia ser atualizado para refletir mudanças nas condições de mercado.
In Brazilian commercial law, amendable contracts are common in business transactions to provide flexibility in long-term agreements. The concept reflects a pragmatic approach to contract management, allowing parties to adapt to unforeseen circumstances without full contract renegotiation. In the USA, such contracts are prevalent in software licensing, service agreements, and employment contracts.
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