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The phrase "alter the terms of" is correct and usable in written English.
It can be used when discussing changes to agreements, contracts, or conditions in various contexts.
Example: "The company decided to alter the terms of the contract to better suit the needs of both parties."
Alternatives: "modify the conditions of" or "change the stipulations of".
Exact(59)
We are deeply reluctant to alter the terms of Our long-established covenant with Our Creation.
It would provide incentives to lenders who alter the terms of loans to make them affordable for the troubled borrowers.
So why alter the terms of the learning process when the child goes to school?, Gattegno asks.
"Because the addition of a restriction based on delinquent payments would alter the terms of these bylaws, a bylaw amendment would be necessary," Mr. Sladkus said.
Federal District Judge J. Frederick Motz ought to push the software company and the plaintiffs' lawyers in these cases to substantially alter the terms of the settlement.
Tyson executives could pressure the company to alter the terms of the agreement because of the findings -- or they might just walk away.
Although Jackson's victory came too late to alter the terms of the peace, it succeeded in altering the memory of the war.
Coke is also willing to alter the terms of its contracts with schools in favor of some of its noncola products.
To achieve it, we must alter the terms of these mortgages to contain the foreclosure process and, in time, bring it to an end.
An attempt to alter the terms of trade in Asia by renegotiating trade pacts and forcing China to revalue its currency.
Similar(1)
One point discussed was whether a provision in the municipal home rule law stipulating that a referendum is needed to alter the term of an elected office might apply in this case, several of the participants said.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com