An amendment refers to a change, correction, or extension of an agreement that does not modify the basic thrust of the agreement.
In real estate, a guaranty involves an assurance provided by one party to compel another party's performance under a contract, often involving a co-signer to ensure obligations are met.
The Right of First Refusal (ROFR) grants a party the opportunity to match the terms of a proposed contract before it is executed with an outside party.
