Vermont § 209 - § 2—209.

§ 209. § 2—209.

• Modification, rescission, and waiver (1) An agreement modifying a contract within this article needs no consideration to be
  binding. (2) A signed agreement which excludes modification or rescission except by a signed writing
  or other signed record cannot be otherwise modified or rescinded, but except as between
  merchants such a requirement on a form supplied by the merchant must be separately
  signed by the other party. (3) The requirements of the statute of frauds section of this article (§ 2—201) must be satisfied if the contract as modified is within its provisions. (4) Although an attempt at modification or rescission does not satisfy the requirements
  of subsection (2) or (3) of this section it can operate as a waiver. (5) A party who has made a waiver affecting an executory portion of the contract may retract
  the waiver by reasonable notification received by the other party that strict performance
  will be required of any term waived, unless the retraction would be unjust in view
  of a material change of position in reliance on the waiver. (Amended 2025, No. 17, § 2, eff. July 1, 2025.)