contract modification
[/ˈkɑːntrækt ˌmɑːdɪfɪˈkeɪʃən/]
nounpl: contract modifications
modificação de contrato
1. A formal change or alteration made to the terms, conditions, or scope of an existing contract by mutual agreement of the parties involved
The contract modification allowed for an extension of the deadline by three months.
A modificação de contrato permitiu uma extensão do prazo de três meses.
2. A written amendment or addendum that documents changes to a previously executed agreement
The contractor submitted a contract modification to adjust the project budget.
O contratante apresentou uma modificação de contrato para ajustar o orçamento do projeto.
3. In government procurement, an official change order that alters contract specifications, price, or schedule
The government issued a contract modification to increase the quantity of supplies ordered.
O governo emitiu uma modificação de contrato para aumentar a quantidade de suprimentos encomendados.
Contract modification is a critical concept in both American and Brazilian business law. In the USA, particularly in government contracting, contract modifications follow strict procedures and documentation requirements. In Brazil, while the legal framework requires formal written amendments, business practice often involves more collaborative negotiation. The term is essential in corporate legal departments, procurement offices, and construction industries in both countries.
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