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The document is a UCC Financing Statement Addendum, which provides instructions for filing additional information related to debtors and secured parties in a financing statement. It includes sections for naming debtors, providing collateral descriptions, and specifying the type of organization or trust involved. The addendum ensures compliance with legal requirements for securing interests in personal property.

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What is the purpose of the addendum?

An addendum clarifies and adds things not initially part of the original contract or agreement. Think of addendums as additions to the original agreement (for example, adding a deadline where none existed in the original version).

What does filing an addendum mean?

Addendums are attachments to original contracts that alter the original terms and conditions of the contract. Addendums can be used to alter standard contracts, make adjustments if situations have changed since the original contract was signed, or if the original signers come to a different arrangement.

What is a sample sentence for addendum?

an addendum to sth An addendum to the contract stated that the buyer would be responsible for all transportation costs.

What do you mean by addendum?

1. : a thing added : addition. 2. : a supplement to a book. often used in plural but singular in construction.

What items can be mentioned in an addendum?

Items in the addendum could reflect a change in the agreed-upon price, what is included in the transfer of property, what improvements must be made before the home is paid for, or any other agreed-upon requests or responsibilities.

What is an example of an addendum?

For example, This Addendum amends the Agreement dated [DATE] between [PARTY 1 NAME] and [PARTY 2 NAME]. Clear and specific language outlining the changes, clarifications, or additions being made. This should leave no ambiguity regarding how the original contract is being modified.

How do you write a simple addendum?

How to write an addendum to a contract Mirror the language of the original contract. Choose an addendum title. Specify the parties. Clarify the part of the original contract the addendum refers to. Ensure compliance with the original contract and all other relevant regulations. Add any additional elements.

What is the most common addendum?

The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.

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