Addendum Spring 08 doc - national 2025

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Addendum creation pocess Identify the need for an addendum. Determine the additional information or provisions that need to be included in the contract and confirm that they can be included without altering the existing terms. Draft the addendum. Obtain agreement. Attach the addendum.
An addendum is used to clarify and add things that were 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).
On the other hand, in the civil law systems, addendum means any modification of a contract (for example an extension of the terms, change in payment currency, new collaterals), not just inclusion of additional attachments or exhibits. [Last updated in January of 2022 by the Wex Definitions Team]
An amendment leaves your original agreement substantially intact. However, you can use an amendment to clarify details that were left out before, or to address a new need that became apparent after the contract was originally entered into.
How do you write an addendum? Use the same font, format, margins, and style as the original document. Title the addendum with a reference to the original document. Include an effective date. Be specific about what you are correcting or what terms you are appending to the original contract.
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An addendum is an addition to a finished document, such as a contract. 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.
Addendums are legally binding as long as both parties agree and sign the document.

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