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How do you write an addendum example?

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.

Do addendums need to be signed?

Because they are additions to the contract, itself, they are governed by the contract. While they generally do not require specific signatures, some organizations may leverage a process whereby they initial key sections. Regardless, addenda are generally present at the time of execution of the original agreement.

Does addendum supersede contract?

A contract addendum is a post-contract attachment that modifies, alters, or totally changes some of the terms of a previously established contract. Typically, this adds something new to a preexisting document. Once all parties named in a contract agree to an addendum, it becomes a part of the new contract.

How do you write an addendum to a real estate contract?

Draft the addendum using precise, clear language. Consider having legal professionals working with both parties review it to ensure its meaning is understandable. Clarify that all other terms and conditions in the purchase and sale agreement will continue in full force and effect.

How do you draft an addendum to a contract?

Your addendum needs to make it as clear as possible what changes it details and to which original contract. The first place you can ensure this is in your addendum title. Give the addendum a title that references the original agreements name and date, and make it clear that it is indeed an addendum to that contract.

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