Correct name in the Model Contract

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Aug 6th, 2022
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How to correct name in the Model Contract

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[Music] todays video podcast is to address how to make a name change on a contract i have received this question several times but the answer depends on what is really needed a name change of the original buyer or a change out of the original buyer when an individual is asking about a name change only like in the case of a marriage or divorce then the title company can prepare a name affidavit having that person signed stating that they are one in the same person just a different name when its a buyer be sure that the lender if any also knows about the name change if the name change is due to a change in marital status it may affect how the loan is under written please note when a name change occurs the id used at closing must match the new name the notary must use the name shown on the id so please remind your client to update their state issued id or passport before closing if the name change is not just a change of name of the current buyer but rather a change of buyers then an as

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If you sign a contract that does not reflect the correct entity, or you want to change the name completely, it would need to be corrected by the parties entering into a Deed of Rescission which serves to terminate the original contract on the condition that a new contract is entered into by the correct buyer and seller
In some cases, if you submit incorrect information, such as the wrong name on a legal document, it can render the entire contract or liability waiver unenforceable. For example, if you sign a contract with someone elses name or use an invalid online signature, the document could be considered invalid.
A: More than likely, the answer is yes. More information would be needed, but it would generally boil down the the facts. If the contract has been performed by both parties, there really is no question who entered into the contract.
Traditionally, an error in a legal document can be corrected easily with a Motion to Correct a docHubners Error. There is also a principle in law the final order corrects all faults which means that if there is a typo in a document, it is deemed corrected by the issuance of a final order.
Misrepresentation and Fraud: Invalidating a Contract Through Deception. If a contract was entered into based on misrepresentation or fraud, where one party intentionally provides false information or deceives the other party, it can be invalidated.
Contracts made under duress are invalid and unenforceable. Parties must voluntarily consent to be bound by the agreement without coercion or intimidation. If any party was compelled to enter into the contract against their will, it will invalidate the contract.
You can use a contract amendment letter to list the changes to the original document and have both parties sign. You can create a contract amendment created from a template or from a legal services provider. You can add amendment pagesdigital or printto the end of the original signed contract.

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