Nc additional provisions addendum 2025

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An addendum is an addition to a document, often used in contracts. It modifies the original agreement without rewriting it from scratch. Its legally binding once signed and helps clarify or change terms. Common types include real estate, lease, insurance, law school applications, and GAP insurance addendums.
When you make an addendum to a document, you are adding text to the end. Addenda tend to be serious business as theyre added to contracts, reports, and studies. There is nothing dumb about an addendum; often an addendum makes a document smarter by adding more information.
An addendum is a supplementary document that modifies, clarifies, or adds to the terms of an existing contract. Instead of drafting a whole new agreement, an addendum allows the parties to address specific changes while maintaining the original contracts validity.
A contract addendum is an additional document that is attached to the original contract. It is used to include supplementary information, such as additional terms, conditions or provisions. Unlike an amendment, a contract addendum does not modify the existing terms of the contract, but rather it expands upon them.
An appraisal addendum protects the buyer from acquiring an undervalued home. If a property appraisal does not value the home at the minimum sale price, an appraisal addendum allows the buyer to withdraw from the sale. The buyer then has the right to terminate the contract and receive their earnest money back.
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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).

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