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In this video tutorial, the presenter explains the difference between an addendum and an amendment in the context of a legal binding contract, particularly a residential purchase agreement. They emphasize that contracts sometimes require changes or additional stipulations. To clarify, they provide a simple analogy involving a sandwich order: when you request specific ingredients (like wheat bread and ham and cheese) at a restaurant, this reflects a change to the original order, akin to adding an addendum or amendment to a contract. The discussion aims to make the concepts clear by using relatable examples.
