Quote:
Originally Posted by pornlaw
Just because you put it in a contract doesnt make it so. I can make a contract and you can sign it that says you're my slave. However the Thirteenth Amendment says differently.
Many contracts are "ruled" by the UCC - http://en.wikipedia.org/wiki/Uniform_Commercial_Code
Not saying your wrong, just saying that a contract isnt a contract if one party can alter the terms at will... and your example is usually only valid prospectively.
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We actually had a very expensive lesson in this particular clause. And while I agree and a any of the attorneys I spoke with agree with what your are saying - how a judge, or an abitrator might interpret it on any given day is completely another matter entirely.