Dictionary of Procurement Terms

Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Bilateral Modification (of a Contract)”

  • Bilateral Modification (of a Contract)

    A change that requires the written approval of both parties to a contract in signatory form. Bilateral modification is often related to some alteration of one or more substantive terms of the contract. See also: Unilateral Modification (of a Contract).

    See Also: Unilateral Modification (of a Contract)
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