Amending the Contract

When can the contract be amended?
The Offer to Purchase and Contract (Form 2-T) can be amended at any time prior to Closing. Form 2-T provides that once it is executed, it can only be changed by a writing signed by all parties to the contract.

Once the contract is fully executed, no party has an obligation to change the agreed upon terms. So, if only one party wishes to change the agreement, no amendment is possible unless all the parties agree. The contract will continue to be in full force and effect as it is written if an amendment is proposed by one party but not accepted by the other.

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