Changes to Provisions Clause Samples
The "Changes to Provisions" clause defines the process by which the terms of an agreement may be modified after the contract has been executed. Typically, this clause outlines who has the authority to propose or approve amendments, the required form such changes must take (such as written consent), and any notice requirements. For example, it may state that no changes are valid unless agreed to in writing by both parties. The core function of this clause is to ensure that any alterations to the contract are deliberate, documented, and mutually agreed upon, thereby preventing misunderstandings or unauthorized modifications.
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Changes to Provisions. Sellers may amend or modify the provisions of this Sales Plan, provided that:
a. Any such amendment or modification is made at a time when Sellers are not aware of material nonpublic information concerning the Company or its securities;
b. Any amendment or modification to this Sales Plan must be in writing and signed by both Sellers and Broker and acknowledged in writing by the Company; and
c. Any amendment or modification to this Sales Plan shall contain a representation by Sellers that Sellers are not then aware of any material nonpublic information concerning the Company or its securities.