If an original contract is altered after it has been signed, is it still legitimate?

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If an original contract is altered after it has been signed, is it still legitimate?

Asked on March 29, 2013 under Business Law, Oregon

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

A contract may be altered after it has bbeen signed only if--

1) all the parties to the change agreed to it, since a contract can always be changed or modified by mutual consent; this is often shown by all the parties initially next to the change, or executing a new piece of writing (e.g. an amendment or rider) with the change.

2) the contract itself provides that one of the parties  may change it after the fact, and the party does so in full compliance with the terms of the contract.

Barring the above, no--one party to a contract may NOT unilaterally change or alter it after execution.


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