# Change of Circumstances Agreement
**This Change of Circumstances Agreement ("Agreement") is made and entered into as of [Date] by and between the following parties:**
**Party A:**
[Full Legal Name]
[Address]
[City, State, Zip Code]
[Email Address]
[Phone Number]
**Party B:**
[Full Legal Name]
[Address]
[City, State, Zip Code]
[Email Address]
[Phone Number]
**WHEREAS**, the parties previously entered into an agreement dated [Original Agreement Date] (the "Original Agreement"); and
**WHEREAS**, circumstances have changed that necessitate modifications to the Original Agreement;
**NOW, THEREFORE**, in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:
## 1. **Recitals**
The above recitals are true and correct and are incorporated herein by this reference.
## 2. **Definitions**
For the purposes of this Agreement, the following terms shall have the meanings specified below:
- **"Change of Circumstances"** refers to [specific changes affecting the Original Agreement, e.g., economic conditions, regulatory changes, etc.].
## 3. **Modification of Original Agreement**
The parties hereby agree to amend the Original Agreement as follows:
- **Section [X]:** [Detail the specific amendment or modification, including any new terms or conditions.]
- **Section [Y]:** [Detail any additional changes here.]
## 4. **Effect of Changes**
The amendments made in this Agreement shall be effective as of [Effective Date of Changes]. All other terms and conditions of the Original Agreement that are not expressly modified herein shall remain in full force and effect.
## 5. **Representation and Warranties**
Each party represents and warrants that:
- They have the power and authority to enter into this Agreement.
- This Agreement constitutes a valid and binding obligation, enforceable against them.
## 6. **Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 7. **Entire Agreement**
This Agreement constitutes the entire understanding between the parties concerning the subject matter hereof and supersedes all prior discussions, agreements, and understandings, whether written or oral, relating to the same.
## 8. **Counterparts**
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
## IN WITNESS WHEREOF, the parties have executed this Change of Circumstances Agreement as of the day and year first above written.
**Party A:**
_____________________________
[Full Legal Name]
[Title, if applicable]
[Date]
**Party B:**
_____________________________
[Full Legal Name]
[Title, if applicable]
[Date]
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*Note: This template is for informational purposes only and should not be considered legal advice. It is advisable to consult with a legal professional when drafting contractual agreements.*