COVID-19 Contract Amendment

The COVID-19 Contract Amendment is a document used to amend or modify the terms of an existing contract. This document is used only when the parties have entered into an already existing agreement that they want to change, add or alter specific areas.

The original agreement or contract contains terms and conditions that create a contractual relationship between the parties to the contract. However, some unforeseen circumstances may make it necessary to alter some of those terms. For example, due to the COVID-19 pandemic, countries are implementing stringent policies to curb its spread, and some of these policies have resulted in no or minimal business activities. As a result, some parties will have to make changes to their original agreement to adapt to our changing reality.

This document can be used to alter any agreement, such as the Partnership Agreement, IP Licensing Agreement, Joint Venture Agreement, Loan Agreement, Sale of Goods Agreement, Tenancy Agreement, provided that all the parties to the original agreement agree to the variations.

Note that this document only serves as a supplement to an existing contract as it does not replace the entire original agreement but only seeks to modify some parts of it. This means that the remaining parts of the original agreement not altered by this Contract Amendment continue to remain in force.

How to use this document

The first step is to identify the provisions of the original contract that needs to be modified, after that, the document should be completed by entering all the required information.

After completing the document, it should be printed, and copies of this document should be signed by all the parties to the agreement.

If one of the parties is a Nigerian company, the document should be signed by either two directors of the company or one director and one company secretary. If one of the party is a business name, incorporated trustee or other registered organization, the document should be signed by one officer of the organization.

Each party should keep one signed copy for record purposes.

Applicable law

The rules of general contact apply to this document.

How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.