The owners of the popular restaurant chain, The Ivy and Bills, recently issued an apology to their suppliers after reports emerged that they had sent a letter demanding a "mandatory" 2.5% cut in prices. This raises a crucial question: can buyers unilaterally change contract terms at will?

In an article for The Caterer, Senior Associate Daisy Fulton discusses how the ability for buyers to change terms lies largely in the contract that exists between the parties.