Contract Variation
Contract variation is a formal modification to the original agreement, altering specific terms while keeping the contract valid and enforceable.
| Variation Type | Example |
| Price adjustment | Change in purchase amount |
| Timeline extension | New completion date |
| Specification change | Unit or finishes modification |
| Payment terms | Revised installment schedule |
| Condition addition | New requirements inserted |
| Legal Requirements | Necessity |
| Written form | Oral variations unenforceable |
| All parties sign | Mutual consent required |
| Consideration | Value exchange for variation |
| Original preserved | Variation references base contract |
Related Terms
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