Contract Modification
Service contracts and, in the United States, other contracts not governed by the Uniform Commercial Code, generally require consideration to modify a contract (because of what is called the preexisting duty rule).
Read more about this topic: Consideration Under American Law
Famous quotes containing the word contract:
“A good businessman never makes a contract unless he’s sure he can carry it through, yet every fool on earth is perfectly willing to sign a marriage contract without considering whether he can live up to it or not.”
—Dalton Trumbo (1905–1976)