Can I change exit terms after signing a contract?

To update exit terms, one party typically proposes new conditions and the other agrees or negotiates the proposed changes. In many states, both sides must exchange something of value (called "consideration") to make the amendment legally binding. However, some states allow contract changes to be enforced based on mutual written consent alone. In effect, you're creating another agreement that modifies the original one.

Before making changes, check your current agreement. Some contracts include specific rules or limits on how modifications can be made. Whatever updates you agree to should always be put in writing and signed by all parties. That written record protects everyone and helps avoid future confusion or disputes.

What to consider in your specific situation

While this general rule applies broadly, your exact options depend on several factors, including:

• The type of contract and what it covers.
• The language in the modification or amendment clause.
• Applicable state or local contract laws.
• The business relationship and willingness of both sides to cooperate.
• The impact of the change on your obligations or payments.

Since every agreement is different, Use Rocket Copilot to get legal information about amendments, or connect with a Legal Pro to learn more.