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How do you do an addendum?

Writing a Contract Addendum Name the parties to the contract. Indicate the addendum's effective date, using the same date format used in the original contract. Indicate the elements of the original contract that the addendum intends to change. Concisely but clearly describe the desired changes.

What is the purpose of an 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).

What addendum stands for?

1 : a thing added : addition. 2 : a supplement to a book \u2014often used in plural but singular in construction.

Are addendums legally binding?

An addendum can be created by persons other than the ones who signed the original contract. Amendments are considered part of a contract until it is next negotiated, while an addendum is a legal and binding part of the contract.

What is difference between amendment and addendum?

Consider amendments as changes to the original agreement (for example, extending a previously agreed-upon deadline). An addendum to a contract is a document attached to the original contract that outlines the additions that will be included in the contract.

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