This document is intended to serve as a glossary of terminology applicable to software development and computerized systems in FDA regulated industries. It will facilitate consistency in describing the requirements of the law and regulations applicable to such products and systems. It is also a resource for investigators who conduct inspections and investigations involving software and computerized systems. The organization of this document is primarily alphabetical.
Usually it is a case of a contract expiring before weâve finished completing the services under the contract. We then draft an amendment, with an amendment effective date prior to the expiration date. The amendment references the agreement, provides for a new termination date, and then reaffirms the agreement.
Amendments to Sales Contracts Can Impact Closing. Itâs not uncommon for a sales contract to be amended at some point between initial signing and closing. Whether itâs to change the purchase price, deal with repairs or to remedy a surprise situation, amendments are needed from time to time in this business.